UPS Board Announces Quarterly Dividend
ATLANTA--(BUSINESS WIRE)-- The UPS (NYSE: UPS) Board of Directors today declared a regular quarterly dividend of $0.62 per share on all outstanding Class A and Class B shares.
The dividend is payable December 4, 2013, to shareowners of record on November 18, 2013.
The Board also approved the filing of a shelf registration statement authorizing the issuance of debt and equity securities. The filing replaces the Company’s expiring shelf registration statement that was filed in November 2010.
Earlier this year, the UPS Board increased the regular quarterly dividend by nearly 9% to the current level of $0.62 per share. UPS’s dividend has more than tripled since 2000, growing at a compounded annual rate of 10.5%.
UPS (NYSE:UPS) is a global leader in logistics, offering a broad range of solutions for the transportation of packages and freight, including innovative delivery options for the global consumer market; the facilitation of international trade, and the deployment of advanced technology to more efficiently manage the world of business. Headquartered in Atlanta, UPS serves more than 220 countries and territories worldwide. The company can be found on the Web at UPS.com and its corporate blog can be found at blog.ups.com. To get UPS news direct, visit pressroom.ups.com/RSS.
Except for historical information contained herein, the statements made in this release constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements, including statements regarding the intent, belief or current expectations of UPS and its management regarding the company's strategic directions, prospects and future results, involve certain risks and uncertainties. Certain factors may cause actual results to differ materially from those contained in the forward-looking statements, including economic and other conditions in the markets in which we operate, our competitive environment, increased security requirements, negotiation and ratification of labor contracts, strikes, work stoppages and slowdowns, changes in energy prices, governmental regulations and other risks discussed in the company's Form 10-K and other filings with the Securities and Exchange Commission, which discussions are incorporated herein by reference.
Andy McGowan, 404-828-4663
Andy Dolny, 404-828-8901
Released November 7, 2013