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United Parcel Service Nudges Dividend Up a Penny to $1.63

Provided by Dow Jones

Jan 30, 2024 11:32am

By Colin Kellaher

United Parcel Service's board has bumped up the package-delivery giant's quarterly dividend by 0.6%, to $1.63 from $1.62.

The new quarterly payout, equal to $6.52 a year, represents an annual yield of about 4.13% based on Monday's closing price of $158.02, up from 4.1%.

The Atlanta company on Tuesday said the increased dividend is payable March 8 to shareholders of record Feb. 10.

UPS, which last year raised its payout by 6.6%, said it expects to shell out about $5.4 billion in dividends this year.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

January 30, 2024 06:32 ET (11:32 GMT)

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