UPS board sets quarterly dividend, stock buyback authorisation

The Board of Directors of UPS have declared a regular quarterly dividend of 28-cents per share on all outstanding Class A and Class B shares.
The dividend is payable June 2, 2004, to shareholders of record on May 17, 2004.

The Board, meeting in a regularly scheduled session, also raised to USD1 billion its authorisation for the repurchase of Class A and Class B shares.

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