UPS Announces Quarterly Dividend

Rhea-AI Summary

UPS (NYSE: UPS) has announced a regular quarterly dividend of $1.63 per share on all outstanding Class A and Class B shares, payable on May 30, 2024. The company has a strong commitment to its dividend, having either maintained or increased it every year since going public in 1999.

Positive

• Consistent dividend payments showcase UPS's financial stability and commitment to shareholders.

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• None.

ATLANTA--(BUSINESS WIRE)-- UPS (NYSE: UPS) today announced its regular quarterly dividend of $1.63 per share on all outstanding Class A and Class B shares.

The dividend is payable May 30, 2024, to shareowners of record on May 13, 2024.

Commitment to the dividend is one of UPS’s core principles and a hallmark of the company’s financial strength. UPS has either maintained or increased its dividend each year since going public in 1999.

About UPS

UPS (NYSE: UPS) is one of the world’s largest companies, with 2023 revenue of $91.0 billion, and provides a broad range of integrated logistics solutions for customers in more than 200 countries and territories. Focused on its purpose statement, “Moving our world forward by delivering what matters,” the company’s approximately 500,000 employees embrace a strategy that is simply stated and powerfully executed: Customer First. People Led. Innovation Driven. UPS is committed to reducing its impact on the environment and supporting the communities we serve around the world. UPS also takes an unwavering stance in support of diversity, equity and inclusion. More information can be found at https://www.ups.com, about.ups.com and https://investors.ups.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240501348104/en/

UPS Media Relations

404-828-7123

pr@ups.com

UPS Investor Relations

404-828-6059 (Option 4)

Investor@ups.com

Source: UPS

FAQ

What is the dividend amount announced by UPS?

UPS has announced a regular quarterly dividend of $1.63 per share on all outstanding Class A and Class B shares.

When will the dividend be payable to shareowners?

The dividend announced by UPS will be payable on May 30, 2024.

Has UPS ever decreased its dividend since going public?

No, UPS has either maintained or increased its dividend each year since going public in 1999.