UPS (UPS) Raises Quarterly Dividend 9% to $0.73; 2.9% Yield

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Go back to UPS (UPS) Raises Quarterly Dividend 9% to $0.73; 2.9% Yield

UPS Increases Quarterly Dividend

February 11, 2015 4:15 PM EST

ATLANTA, Feb. 11, 2015 (GLOBE NEWSWIRE) -- 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 increase is in recognition of the company's solid cash flow performance and commitment to delivering shareowner value.

The dividend is payable March 10, 2015, to shareowners of record on Feb. 23, 2015.

"Since going public our dividend has increased, compounding more than 10 percent on average," said David Abney, UPS chief executive officer. "Due to our strong cash flow in 2014, we returned more than 100 percent of... More