UPS raises dividend by 6.6% to $1.62, approves new $5B buyback program

• UPS (NYSE:UPS) declares $1.62/share quarterly dividend, 6.6% increase from prior dividend of $1.52.
• Forward yield 3.66%
• Payable March 10; for shareholders of record Feb. 21; ex-div Feb. 17.
• In addition, the UPS Board of Directors has approved a new $5B share repurchase authorization, replacing the company’s existing authorization.
• See UPS Dividend Scorecard, Yield Chart, & Dividend Growth.