UPS Increases Quarterly Dividend
February 11 2015 - 4:15PM
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 net income or $5.1 billion in shareowner
distributions and have returned more than $25 billion to
shareholders since 2009. Today's decision by the Board is a
reflection of their confidence in our long-term earnings potential
and the ability to generate increasing returns to our
shareholders."
UPS has a long history of its commitment to cash dividends. For
more than four decades it has either increased or maintained its
dividend. Since 2000, its dividend has more than quadrupled.
About UPS
UPS (NYSE: UPS) is a global leader in logistics, offering a
broad range of solutions including the transportation of packages
and freight; the facilitation of international trade, and the
deployment of advanced technology to more efficiently manage the
world of business. Headquartered in Atlanta, UPS serves more than
220 countries and territories worldwide. The company can be found
on the Web at ups.comĀ® and its corporate blog can be found at
Longitudes.ups.com. To get UPS news direct, visit
pressroom.ups.com/RSS.
Except for historical information contained herein, the
statements made in this release constitute forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933 and Section 21E of the Securities Exchange Act of 1934.
Such forward-looking statements, including statements regarding the
intent, belief or current expectations of UPS and its management
regarding the company's strategic directions, prospects and future
results, involve certain risks and uncertainties. Certain
factors may cause actual results to differ materially from those
contained in the forward-looking statements, including economic and
other conditions in the markets in which we operate, our
competitive environment, increased security requirements,
negotiation and ratification of labor contracts, strikes, work
stoppages and slowdowns, changes in energy prices, governmental
regulations and other risks discussed in the company's Form 10-K
and other filings with the Securities and Exchange Commission,
which discussions are incorporated herein by reference.
# # #
CONTACT: Andy McGowan, Public Relations
404-828-4663
Joe Wilkins, Investor Relations
404-828-8209
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