UPS hikes dividend by 49%

United Parcel Service Inc. (UPS) will raise its quarterly dividend by 49 percent to $1.52 per share in 2022. This follows a dividend hike of just 1.0 percent to $1.02 per share in 2021 and also marks the 13th consecutive year of dividend increases by the package delivery company.

The increased UPS dividend is payable March 10, 2022 to shareowners of record on February 22, 2022. The new annual dividend rate of $6.08 per share yields 2.7% at a stock price of $228.

United Parcel Service, Inc. (UPS) is a package delivery company. The company offers a spectrum of the United States domestic guaranteed ground and air package transportation services. The International Package segment includes the small package operations in Europe, Asia-Pacific, Canada and Latin America, the Indian sub-continent, the Middle East and Africa. UPS was founded in 1907 as a messenger company in the United States. The company had its IPO in 1999 and has paid a dividend every year since 1969.