July 24, 2012
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, February 08, 2007
The Board of Directors of UPS (NYSE:UPS), citing its confidence in the company's financial position and prospects for growth, today increased the quarterly dividend to $0.42 per share from $0.38 per share on all outstanding Class A and Class B shares.
The dividend is payable March 6, 2007, to shareholders of record on Feb. 20, 2007.
UPS now has increased its dividend five times in the past four years, doubling the quarterly payout from the $0.21 per share declared in February 2003. UPS has either increased or maintained its dividend every year for more than three decades.
The Board also voted to increase to $2 billion its authorization for the repurchase of Class A and Class B shares.
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