UPS delivers record earnings with rosy outlook, dividend hike; shares soar

cheryl

I started this.
Staff member
UPS delivers record earnings with rosy outlook, dividend hike; shares soar - Reuters

Logistics giant United Parcel Service Inc (UPS.N) forecast 2022 revenue above market expectations and boosted its dividend after posting record quarterly earnings on Tuesday, supported by higher shipping rates and demand from more profitable e-commerce customers.

Shares in the Atlanta-based company jumped 7% to $216.40 before the bell.

Under Chief Executive Officer Carol Tome, the world's largest parcel delivery firm has adopted a "better, not bigger" strategy, prioritizing lucrative deliveries over volume.
 

olroadbeech

Happy Verified UPSer
yay! up about $7k over the last year. glad I kept after retiring and just keep on reinvesting those divvies
 
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