UPS Declares Class A and B Stock Dividends
United Parcel Service is getting ready to wrap its latest dividends in a box and ship them to stockholders. The company has declared a quarterly distribution of $0.62 for both its class A and B shares, to be paid on September 4 to holders of record as of August 19. That amount matches both of the firm's preceding two payouts, the most recent of which was dispensed at the end of May. Prior to that, UPS was less generous by a nickel, distributing $0.57 per share.
In the press release announcing the latest disbursement, the logistics giant pointed out that it has paid a distribution in either cash or stock every year since 1955.
The just-declared dividend annualizes to $2.48 per share. That yields 2.8% at UPS' current stock price of $88.12.
The article UPS Declares Class A and B Stock Dividends originally appeared on Fool.com.Fool contributor Eric Volkman has no position in United Parcel Service. The Motley Fool recommends United Parcel Service. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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