The UPS (NYSE: UPS) Board of Directors today declared an increased regular quarterly dividend of $0.83 per share on all outstanding Class A and Class B shares.
The dividend is payable March 8, 2017, to shareowners of record on Feb. 21, 2017.
“UPS has a long history of growing our dividend,” said David Abney, UPS chairman and CEO. “Dividends are a priority use of capital, and our robust cash from operations enables us to simultaneously strengthen the business and provide a strong return to our shareholders.”
For more than four decades, UPS has either increased or maintained its dividend. Since 2000, its dividend has more than quadrupled.
