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Share Name | Share Symbol | Market | Type |
---|---|---|---|
United Parcel Service | NYSE:UPS | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-0.57 | -0.39% | 146.65 | 148.20 | 146.42 | 147.96 | 2,039,148 | 00:40:01 |
By Maria Armental
United Parcel Service raised its quarterly dividend 9% to 73 cents a share, citing the company's solid cash position.
Based on Wednesday's $100.91 closing, the new annual dividend of $2.92 a share represents a 2.9% yield, compared with the 2% yield for the S&P 500.
The dividend is payable March 10.
UPS has either increased or maintained its dividend for more than four decades, company officials said in a statement. The Atlanta-based company has boosted its dividend by five cents for the past four years.
Last week, the company issued downbeat projections for 2015 saying the fourth-quarter, once its most lucrative quarter thanks to holiday shipping, will continue to drag results. The company has faced rising costs to meet unpredictable surges in volume.
Write to Maria Armental at maria.armental@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
1 Year United Parcel Service Chart |
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