United Parcel Service reported earnings last week, beating analyst estimates for the fifth consecutive quarter. Earnings reports give investors unique insights into a company’s operations, and this quarter was no exception. Here are the things United Parcel Service management wants you to know.
The UP
S (NYSE: UPS) Board of Directors today declared a regular quarterly dividend of $0.78 per share on all outstanding Class A and Class B shares.
The dividend is payable June 1, 2016, to shareowners of record on May 16, 2016.
Earlier this year, the UPS Board increased the regular quarterly dividend to the current level of $0.78 per share. The company has either increased or maintained its cash dividend every year for 47 years.
The Board of Directors also reauthorized the company’s existing share repurchase program in the amount of $8 billion. The new share repurchase authorization has no expiration date and replaces the one approved in 2013.
Integration of UPS My Choice® delivery service and UPS Access Point™ network recognized for industry-leading innovation
UPS (NYSE: UPS) was recognized with a Decade Award, given to 10 companies that have averaged the highest rankings on the annual InformationWeek Elite 100 list over the past decade. UPS ranked 17 on the 2016 Elite 100 list for the integration of two services that are revolutionizing package delivery: the UPS My Choice® delivery service andUPS Access Point™ network. UPS also was selected as a finalist for a Business Innovator award in the category of customer experience.
Company Collaborating with WFP, UNHCR, CARE, UNICEF, MedShare and the U.S. Ecuadorian Embassy to Provide Vital Relief Supplies and Logistics Expertise
The UPS Foundation, the philanthropic arm of UPS (NYSE: UPS), today announced an initial cash and in-kind commitment of more than USD $500,000 to aid in response and recovery efforts following the destructive earthquake that struck Ecuador on April 16. The UPS Foundation contributions will enable the provision of urgent relief, as well as on-the-ground logistics support via the United Nations Logistics Cluster’s Logistics Emergency Teams (LET).
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UPS Named Top Logistics Company
UPS ranked No. 1 on list of top logistics providers
UPS is ranked No.1 in Transport Topics’ annual issue of Top 50 Logistics Companies in North America. UPS also ranked No. 8 on the top 100 warehousing list, No. 10 on the top 50 dedicated contract carriers list, No.15 for the top 50 ocean freight forwarders, and fourth on the list of top 50 air freight forwarders. Coyote Logistics, which UPS acquired in 2015, ranked No. 5 on the list of top 100 freight brokerage firms.