UPS Increases Dividend 11%, Projecting Strong 2011 Cash Flow
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United Parcel Service Inc. raised its dividend by 11 percent today, predicting strong cash flow and signaling confidence in the economic recovery’s strength.
“We believe that 2011 is going to be a great year for UPS and we’re committed to significantly increasing distributions to share owners,” Chief Executive Officer Scott Davis said in a statement. The company forecast healthy cash flow this year and has said it may post record earnings per share.