UPS Increases Stock Dividends

In another sign of UPS’s fat profits, the company once again hiked payments to stockholders. Cash dividends have tripled since 2000.

The UPS Board of Directors declared an 8.8% increase in stock dividends on Feb. 13. UPS also announced a $10 billion corporate stock buy-back, much larger than had previously been announced.

UPS profits have stayed up in a down economy. The company made $4.38 billion last year alone. Shareholders are reaping the benefits. Dividends have steadily increased and tripled since 2000.

CEO Scott Davis stated that “During 2012 we generated almost $5.4 billion in free cash flow.”

It’s time for some of that cash to flow to the UPS Teamsters who are producing these profits.

Source: UPS Press Release

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