UPS board increases quarterly dividend
The Board of Directors of UPS (NYSE:UPS), citing the company’s performance in 2003 and its continued positive outlook for 2004, today increased the quarterly dividend from 25-cents per share to 28-cents per share on all outstanding Class A and Class B shares.
The increase is the second dividend boost in the past 12 months. Since February 2003, the quarterly dividend has increased 33%, from 21-cents per share.
The dividend is payable March 9, 2004, to shareholders of record on Feb. 23, 2004. The board acted during a regularly scheduled meeting.
