UPS Declares Increased Dividend
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[February 15, 2012]

UPS Declares Increased Dividend

Feb 15, 2012 (Close-Up Media via COMTEX) -- UPS said its Board of Directors has increased the regular quarterly dividend by 9.6 percent to $0.57 per share from $0.52 on all outstanding Class A and Class B shares.

In a release on Feb. 9, UPS said the dividend is payable March 7 to shareholders of record on Feb. 21.

"UPS turned in a great performance in 2011 despite a volatile global operating environment," said UPS Chairman and CEO Scott Davis. "Cash flow in 2012 is expected to be strong and clearly today's decision by the Board reflects that projection." In its recently released 4th quarter earnings results, UPS said it expected to generate record diluted earnings per share in a range of $4.75 to $5.00 in 2012.


With the latest increase, UPS now has more than doubled its dividend just since 2004. UPS has paid either stock or cash dividends every year since 1955 and has more than tripled its dividend since it went public at the end of 1999.

UPS is a global company focused on logistics, offering a range of solutions including the transportation of packages and freight; the facilitation of international trade, and the deployment of technology to manage the world of business. Headquartered in Atlanta, UPS serves more than 220 countries and territories worldwide.


More information: www.UPS.com ((Comments on this story may be sent to newsdesk@closeupmedia.com))

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