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 Sept. 6, 2006, to shareholders of record on Aug. 21, 2006.
UPS has raised its quarterly payout 81% since February 2003.
Read MoreThe Board of Directors of United Parcel Service, Inc. (NYSE: UPS), at its regularly scheduled meeting, today declared a quarterly cash dividend of 19-cents per share on all outstanding Class A and Class B shares. The dividend is payable on June 7, 2002, to shareowners of record on May 28, 2002. UPS is the world’s largest transportation company, offering the most extensive range of e-commerce and supply chain solutions for the movement of goods, information and funds.
Read MoreUSPS revenues for June were USD 27 million, or 0.4% under plan and 5.6% more than June 2005. Expenses for the month were USD 39 million, or 0.7% under plan and 4.4% more than June 2005. The result is a net loss of USD 11.9 million before the escrow allocation. The net deficiency after escrow allocation is USD 261.9 million.
Year-to-date (YTD) revenue through June is 3.9% higher than the same period last year (SPLY) and is USD 386 million above plan. YTD expenses are 4.2% higher than SPLY and USD 222 million over plan. YTD total mail volume is 0.9% above SPLY.
YTD, net income before escrow allocation is USD 1.66 billion. However, our net deficiency after the escrow allocation is USD 594.5 million.
Contributing to the YTD performance was the new postage rate structure implemented Jan. 8, which provided a 5.4% revenue increase needed to fulfill the requirement of Public Law 108-18, The Postal Civil Service Retirement System (CSRS) Funding Act, enacted in 2003. This law requires the Postal Service to hold USD 3 billion in an escrow account by Sept. 30, 2006, to cover the difference between the CSRS retirement costs before and after the implementation of this law. We are allocating USD 250 million per month for purposes of assessing our financial position.
US-based global leader in Email to Postal address delivery services, ePOSTIT, celebrates the first anniversary of their FREE service. ePOSTIT entered the market last year with their new unique Free mailing concept which connects the virtual PC world to the real postal address world. It growth since their initial introduction has exploded. ePOSTIT delivers thousands of mails per month to clients all over the world.
Lisa Chang, Director & Co-Partner, expressed that a celebration is definitely in order. “By the end of our first year, ePOSTIT has established itself as company with an effective mailing concept to the common person. Our strong numbers in the growth of our service users is a testament to how ePOSTIT is filling a growing need as our world becomes more connected. It is exhilarating to be part of these developments from the ground-up and especially gratifying to watch the company grow and evolve. Our success is driven by our Founder’s vision and passion to provide the best experience to our service users coupled with a well managed growth plan.”
“Following in the footsteps of our Free service, Our Premium Specialized Bulk & Business Printing Service is growing in popularity and use. ePOSTIT has processed more than 12,000 Photos & nearly 4200 Messages alone in the first 10 months of our Free service. In addition, ePOSTIT is now providing free Public Safety Ads to create public awareness regarding Cancer & Cigarette smoking.”
Read MoreFedEx Corp. today announced it plans to donate USD5.5 million over the next five years to ORBIS International, a nonprofit organization dedicated to the prevention of blindness worldwide. This pledge represents the largest contribution commitment FedEx has made to ORBIS since joining forces more than 20 years ago to save sight.
“Nearly 37 million men, women and children worldwide are blind – and 75 percent do not need to be,” said Oliver Foot, president and executive director of ORBIS. “The vast majority of world blindness can be treated or prevented with existing therapies and eye care resources. That’s where ORBIS and FedEx come in. By working together, we can deliver education, training and treatment where it is needed most.”
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