UPS Increased Its Quarterly Dividend To $1.63 From $1.62
Portfolio Pulse from Benzinga Newsdesk
UPS has announced an increase in its quarterly dividend from $1.62 to $1.63 per share, payable on March 8, 2024, to shareholders of record as of February 20, 2024.
January 30, 2024 | 11:06 am
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UPS has raised its quarterly dividend by $0.01, signaling confidence in its financial stability and commitment to returning value to shareholders.
The increase in dividend, although marginal, is typically viewed as a positive signal by investors, indicating the company's confidence in its financial health and its ability to generate sufficient cash flow. This can lead to increased investor confidence and potentially a positive impact on the stock price in the short term.
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