Focusing on the more profitable portions of its business has allowed UPS to boost its dividends for shareholders. Paul Ziobro reports in The Wall Street Journal: United Parcel Service Inc. UPS 14.78% is making more money shipping fewer packages and rewarding investors with a meatier dividend payout. The delivery company on Tuesday boosted its quarterly dividend by 49%, or 50 cents a share, the largest increase since the company’s public-markets debut in 1999. The planned per-share payout of $1.52 reflects the company’s new policy under Chief Executive Carol Tomé to return half of earnings … [Read more...]
Archives for February 2022
Global Famine Could Follow Potential Russia-Ukraine War
Both Russia and Ukraine are among the top seven wheat-producing countries in the world. Despite being vast, much of Russia's wheat-producing farmland is near Ukraine. A war between the two nations could disrupt the planting, growth, and harvesting of a major portion of the world's wheat production. The potential for such a war could is already having effects on the market for grains. Will Horner and Kirk Maltais report in The Wall Street Journal: The threat of war between Russia and Ukraine is rattling international grain markets, driving wheat prices higher on both sides of the Atlantic and … [Read more...]
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