The FINANCIAL - UPS Boosts Dividend by 10 Percent

UPS Boosts Dividend by 10 Percent

10/02/2012 05:16 (105 Day 05:31 minutes ago)

The FINANCIAL -- The UPS Board of Directors today increased the regular quarterly dividend by 9.6 percent to $0.57 per share from $0.52 on all outstanding Class A and Class B shares. The dividend is payable March 7, 2012, to shareholders of record on Feb. 21, 2012.

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According to United Parcel Service of America, last week, in releasing its 4th quarter earnings results, UPS said it expected to generate record diluted earnings per share in a range of $4.75 to $5.00 in 2012.

With the latest increase, UPS now has more than doubled its dividend just since 2004. UPS has paid either stock or cash dividends every year since 1955 and has more than tripled its dividend since it went public at the end of 1999.

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