UPS Raises Quarterly Dividend To 83 Cents Vs. 78 Cents

By Ciara Linnane Markets MarketWatch Pulse

United Parcel Service Inc. said it's raising its quarterly dividend to 83 cents a share. The company's last quarterly dividend paid on Nov. 30 was 78 cents a share. The new dividend is payable March 8 to shareholders of record as of Feb. 21. UPS shares were up 0.8% in early trade and have gained 10% in the last 12 months, while the S&P 500 has gained 24%.

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