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Company Profile: Atlanta-based UPS offers an array of services in the package and freight delivery industry. It operates through three segments: U.S. Domestic Package, International Package and Supply Chain and Freight.
UPS raised its dividend by 10.6% to 52 cents per share from 47 cents. The higher payout will be available on March 2 to shareholders of record on Feb. 14, bringing UPS' yield to around 2.8%.
UPS' dividend more than tripled since 2000 when it paid investors 17 cents per share. Last year it boosted the payout to 47 cents, from 45 cents.
The package delivery firm posted a 48% jump in fourth-quarter profit and an 8% rise in revenue as global shipments increased amid economic recovery.
UPS expects to book record profits in 2011 as it looks to international exporting markets like Germany and emerging markets like China.
UPS forecast full-year earnings-per-share in a range of $4.12 to $4.35.
On Feb. 7, UPS announced the expansion of its UPS Express Freight service into Israel and Slovakia, hubs for high-tech industrial and automotive companies.