ATLANTA, Feb. 08, 2017 (GLOBE NEWSWIRE) -- The UPS (NYSE: UPS) Board of Directors today declared an increased regular quarterly dividend of $0.83 per share on all outstanding Class A and Class B shares.
The dividend is payable March 8, 2017, to shareowners of record on Feb. 21, 2017.
“UPS has a long history of growing our dividend,” said David Abney, UPS chairman and CEO. “Dividends are a priority use of capital, and our robust cash from operations enables us to simultaneously strengthen the business and provide a strong return to our shareholders.”
For more than four decades, UPS has either increased or maintained its dividend. Since 2000, its dividend has more than quadrupled.
UPS (NYSE: UPS) is a global leader in logistics, offering a broad range of solutions including transporting packages and freight; facilitating international trade, and deploying advanced technology to more efficiently manage the world of business. Headquartered in Atlanta, UPS serves more than 220 countries and territories worldwide. The company can be found on the web at ups.com® and its corporate blog can be found at longitudes.ups.com. To get UPS news direct, visit pressroom.ups.com/RSS.
Except for historical information contained herein, the statements made in this release constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements, including statements regarding the intent, belief or current expectations of UPS and its management regarding the company's strategic directions, prospects and future results, involve certain risks and uncertainties. Certain factors may cause actual results to differ materially from those contained in the forward-looking statements, including economic and other conditions in the markets in which we operate, governmental regulations, our competitive environment, changes in the fact or assumptions underlying our health and pension benefit funding obligations, negotiation and ratification of labor contracts, strikes, work stoppages and slowdowns, changes in aviation and motor fuel prices, cyclical and seasonal fluctuations in our operating results, and other risks discussed in the company's Form 10-K and other filings with the Securities and Exchange Commission, which discussions are incorporated herein by reference.
Glenn Zaccara, Public Relations 404-828-4663 Scott Childress, Investor Relations 404-828-7957