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

How We Made UPS Create RPCD Jobs in Our Local

UPS CEO Carole Tomé’s Better, Not Bigger strategy is about cutting volume and Teamster jobs. South Carolina Local 509 has fought back and won new driver positions. Shop Stewards John Gacsey and Russell Sires share how the fight played out in their building in Palmetto.

United Autoworkers Fight for Their Union

President Shawn Fain led members of the United Autoworkers (UAW) to victory in the Stand Up strike against the Big Three automakers. Now, he’s facing trumped up allegations from a federal monitor who’s trying to tip the balance in the upcoming UAW election for International Union officers. Here’s what you need to know.

View More News Posts