UPS Announces Quarterly Dividend and $5 Billion Share Repurchase Program

cheryl

I started this.
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UPS today announced its regular quarterly dividend of $1.02 per share on all outstanding Class A and Class B shares.

The dividend is payable September 9, 2021 to shareowners of record on August 23, 2021.

In addition, the Company announced that its Board of Directors has approved a new share repurchase program of $5.0 billion, replacing its existing $2.1 billion authorization.

Carol Tomé, UPS chief executive officer, commented, “Commitment to the dividend is one of UPS’s core principles and a hallmark of the company’s financial strength. As previously disclosed, we expect to continue paying regular cash dividends, with a targeted dividend payout ratio, starting in 2022, of approximately 50% of our prior year’s adjusted net income. In addition, we are pleased that the Board has increased our flexibility to engage in share repurchases. UPS will deploy a disciplined and balanced approach to capital allocation, including returns to shareowners through dividends and share repurchases.”
 
UPS today announced its regular quarterly dividend of $1.02 per share on all outstanding Class A and Class B shares.

The dividend is payable September 9, 2021 to shareowners of record on August 23, 2021.

In addition, the Company announced that its Board of Directors has approved a new share repurchase program of $5.0 billion, replacing its existing $2.1 billion authorization.

Carol Tomé, UPS chief executive officer, commented, “Commitment to the dividend is one of UPS’s core principles and a hallmark of the company’s financial strength. As previously disclosed, we expect to continue paying regular cash dividends, with a targeted dividend payout ratio, starting in 2022, of approximately 50% of our prior year’s adjusted net income. In addition, we are pleased that the Board has increased our flexibility to engage in share repurchases. UPS will deploy a disciplined and balanced approach to capital allocation, including returns to shareowners through dividends and share repurchases.”
Hey how about buy me a new freaking package card or dolly that would be a nice start
 
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