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Strategies & Market Trends : Dividend investing for retirement

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From: Steve Felix	2/4/2010 9:30:13 PM
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UPS (UPS) Increases Quarterly Dividend February 4, 2010 3:13 PM EST The UPS (NYSE: UPS) Board of Directors increased the regular quarterly dividend to $0.47 per share from $0.45 on all outstanding Class A and Class B shares. The dividend is payable March 3, 2010, to shareholders of record on Feb. 16, 2010. "UPS has demonstrated a consistent ability to generate significant free cash flow," said UPS Chairman and CEO Scott Davis. "Our outlook for a gradual economic recovery and the expectation of strong performance in 2010 justifies this dividend increase." UPS's dividend has more than doubled since February 2003. The company has either increased or maintained its dividend every year for four decades.

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