SANDY SPRINGS (dpa-AFX) - United Parcel Service, Inc. (UPS) announced that its Board has increased the regular quarterly dividend by 9.6 percent to $0.57 per share from $0.52 on all outstanding Class A and Class B shares. The dividend is payable March 7, 2012, to shareholders of record on Feb. 21, 2012.
UPS noted that its cash flow in 2012 is expected to be strong. Last week, in releasing its fourth quarter earnings results, the company said it expected to generate diluted earnings per share in a range of $4.75 to $5.00 in 2012.
Copyright RTT News/dpa-AFX
