UPS Boosting Dividend

Two days after posting a big fourth-quarter profit, UPS Inc. said it is boosting its dividend by 5 cents per share.

The 11% increase to 52 cents per share will be payable March 2, to shareholders of record as of Feb. 14, UPS said Thursday.

The company said Tuesday that its fourth-quarter and full-year income jumped and that it expects 2011 profits to hit an all-time high.

UPS is ranked No. 1 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.