UPS Board increases dividend, names Scott Davis a Director
The Board of Directors of UPS, citing its confidence in the company’s financial position and prospects for growth, today increased the quarterly dividend from 33-cents per share to 38-cents per share on all outstanding Class A and Class B shares. The Board also announced it had appointed Scott Davis, UPS’s chief financial officer, to serve as a director. Davis will replace Lea Soupata, who retired last month as UPS’s senior vice president for human resources. Davis will stand for election to a regular one-year term at the annual shareowners meeting in May.
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