UPS Board Increases Quarterly Dividend
February 08 2017 - 4:15PM
The UPS (NYSE: UPS) Board of Directors today declared an increased
regular quarterly dividend of $0.83 per share on all outstanding
Class A and Class B shares.
The dividend is payable March 8, 2017, to shareowners of record
on Feb. 21, 2017.
“UPS has a long history of growing our dividend,” said
David Abney, UPS chairman and CEO. “Dividends are a priority use of
capital, and our robust cash from operations enables us to
simultaneously strengthen the business and provide a strong return
to our shareholders.”
For more than four decades, UPS 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 transporting packages and
freight; facilitating international trade, and deploying 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.com® 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, governmental
regulations, our competitive environment, changes in the fact or
assumptions underlying our health and pension benefit funding
obligations, negotiation and ratification of labor contracts,
strikes, work stoppages and slowdowns, changes in aviation and
motor fuel prices, cyclical and seasonal fluctuations in our
operating results, 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.
Glenn Zaccara, Public Relations
404-828-4663
Scott Childress, Investor Relations
404-828-7957
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