UPS Authorizes New $5 Billion Stock Buyback Program
August 05 2021 - 6:34PM
Dow Jones News
By Kimberly Chin
United Parcel Service Inc.'s board approved a new $5 billion
stock-buyback program.
The new plan will replace the company's existing $2.1 billion
authorization, the package delivery company said Thursday.
UPS's shares have gained 31% in the past 12 months due to the
surge in demand from homebound consumers and rebounding shipments
between businesses as economies reopened with the rolling out of
the Covid-19 vaccines.
Write to Kimberly Chin at kimberly.chin@wsj.com
(END) Dow Jones Newswires
August 05, 2021 18:30 ET (22:30 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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