UPS Increases Stock Dividends

Make UPS Deliver
February 19, 2013

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

Get Advice Join TDU Donate

Recent News

Your Rights If You’re Exposed to COVID-19 at Work

OSHA and CDC guidelines are clear about what management should do if someone in your workplace tests positive for COVID-19. Here's what to do if management isn’t following the rules. 

Has the IBT Really Reached a Deal on COVID-19 Safety Supplies?

On a Teamster podcast, Package Division Director Denis Taylor claims he’s negotiated an agreement for Teamster drivers to get a UPS purchase order so they can buy PPE and critical safety supplies out on their routes. Is this a real agreement or another empty promise from the Hoffa administration?

View More News Posts