Daily Archives: May 5, 2016

UPS Board Announces Quarterly Dividend And Reauthorizes Share Repurchase Program

Earlier this year, the UPS Board increased the regular quarterly dividend to the current level of $0.78 per share. US 05/05/16Atlanta, GAThe UPS (NYSE: UPS) Board of Directors today declared a regular quarterly dividend of $0.78 per share on all outstanding Class A and Class B shares. The Board of Directors also reauthorized the company’s existing share repurchase program in the amount of $8 billion. Such forward-looking statements, including statements regarding the intent, belief or current expectations of UPS and its management regarding the company's strategic directions, prospects and future results, involve certain risks and uncertainties. The new share repurchase authorization has no expiration date and replaces the one approved in 2013.

By | 2016-09-13T15:25:39+00:00 May 5th, 2016|News, shippers, Shipping, ups|0 Comments

UPS Shareowners Elect Board, Reappoint Deloitte & Touche

US 05/05/16Wilmington, DEShareowners of UPS (NYSE: UPS) today elected a Board of Directors for a one-year term and ratified the appointment of Deloitte & Touche LLP as the company’s independent registered public accountants. The appointment of Deloitte & Touche to serve as the company’s independent auditors for 2016 also was ratified by a wide margin. UPS shareowners also rejected a shareholder proposal that sought to require the Board to reduce the voting power of Class A stock from 10 votes per share to one vote per share. Additionally, the shareholder proposal regarding Holy Land Principles was not approved, given the company has existing policies to promote fair employment practices, equal employment opportunity and diversity in the workplace globally. On other matters, shareowners did not approve a shareholder proposal that would have required additional disclosure concerning the company's government affairs and lobbying activities in excess of current requirements.

By | 2016-09-13T15:26:24+00:00 May 5th, 2016|News, shippers, Shipping, ups|0 Comments