UPS Boosts Dividend

UPS Inc. said late Thursday that its board of directors has raised the company’s quarterly dividend to 57 cents a share, from 52 cents.

The dividend will be payable March 7 to shareholders of record on Feb. 21.

“Cash flow in 2012 is expected to be strong and clearly today’s decision by the Board reflects that projection,” UPS CEO Scott Davis said in a statement.

With the latest increase, UPS said it has now more than doubled its dividend since 2004.

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