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The Board of Directors of UPS (NYSE:UPS) today declared a regular quarterly dividend of 38-cents per share on all outstanding Class A and Class B shares. The dividend is payable May 31, 2006, to shareholders of record on May 15, 2006.
Declaration follows a Board decision in February to increase the quarterly dividend from 33-cents per share to the current 38-cents per share. This represented the fourth increase in the past three years, a rise of 81% compared to the quarterly dividend of 21-cents per share in February 2003. UPS has either increased or maintained its dividend every year since 1969.
UPS is the world's largest package delivery company and a global leader in supply chain services, offering an extensive range of options for synchronizing the movement of goods, information and funds. Headquartered in Atlanta, Ga., UPS serves more than 200 countries and territories worldwide. UPS's stock trades on the New York Stock Exchange (UPS) and the company can be found on the Web at UPS.com. Source: Press Release
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