UPS (UPS) Raises Quarterly Dividend 6.8% to $0.78; 3.2% Yield

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Go back to UPS (UPS) Raises Quarterly Dividend 6.8% to $0.78; 3.2% Yield

UPS Board of Directors Names David Abney Chairman, Appoints William R. Johnson to Lead Independent Director Role, and Announces Quarterly Dividend

February 10, 2016 4:15 PM EST

ATLANTA, Feb. 10, 2016 (GLOBE NEWSWIRE) -- The UPS® (NYSE: UPS) Board of Directors today announced it has unanimously elected David P. Abney, UPS Chief Executive Officer, as Chairman of the Board, effective immediately. Abney succeeds Scott Davis as Chairman, who will retire from his position on the UPS Board effective as of the 2016 Annual Meeting of Shareowners.

Additionally, the Board of Directors created a new Lead Independent Director position, and today the independent directors appointed William R. Johnson to the role, effective immediately.  Among other responsibilities, the new Lead Independent Director will play... More