UPS, Ryder Boost Dividend Payments
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Meanwhile, Ryder System raised its quarterly cash dividend to 18 cents, from 16 cents, payable to shareholders of record on Feb. 20.
PS Inc. and Ryder System each said late Thursday they were boosting their stock dividends.
UPS said it would raise its dividend to 38 cents from 33 cents per share, its fourth dividend boost in the past three years.
UPS also said it appointed Chief Financial Officer Scott Davis to serve as a director, replacing Lea Soupata, who retired last month.
Meanwhile, Ryder System raised its quarterly cash dividend to 18 cents, from 16 cents, payable to shareholders of record on Feb. 20.It is Ryder's 118th consecutive quarterly cash dividend, the company said in a statement.
UPS is ranked No. 1 and Ryder is No. 5 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.
