UPS Board sets dividend
The Board of Directors of UPS (NYSE:UPS) today declared a regular quarterly dividend of 38-cents per share on all outstanding Class A and Class B shares.
The dividend is payable May 31, 2006, to shareholders of record on May 15, 2006.
Today’s declaration follows a Board decision in February to increase the quarterly dividend from 33-cents per share to the current 38-cents per share. This represented the fourth increase in the past three years, a rise of 81% compared to the quarterly dividend of 21-cents per share in February 2003. UPS has either increased or maintained its dividend every year since 1969.
