The UPS (NYSE: UPS) Board of Directors today declared a regular quarterly dividend of $0.73 per share on all outstanding Class A and Class B shares. The dividend is payable December 2, 2015, to shareowners of record on November 16, 2015. Earlier this year, the UPS Board increased the regular quarterly dividend by 9% to the current level of $0.73 per share. UPS has a long history of its commitment to cash dividends. For more than four decades it has either increased or maintained its dividend. Since 2000, its dividend has more than quadrupled. In other business, the UPS Board approved a change to increase the mandatory retirement age for directors from age 72 to age 75, effective immediately.