Atlanta, February 09, 2012
Board Cites Earnings Outlook, Strong Cash Flow
The UPS (NYSE: 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.
“UPS turned in a great performance in 2011 despite a volatile global operating environment,” said UPS Chairman and CEO Scott Davis. “Cash flow in 2012 is expected to be strong and clearly today’s decision by the Board reflects that projection.”
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.