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UPS United Parcel Service

146.65
-0.57 (-0.39%)
04 May 2024 - Closed
Delayed by 15 minutes
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

UPS Raises Dividend 9% to 73 Cents a Share -- Update

12/02/2015 8:27am

Dow Jones News


United Parcel Service (NYSE:UPS)
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From May 2019 to May 2024

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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


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