UPS 2004 Annual Report Download - page 73

Download and view the complete annual report

Please find page 73 of the 2004 UPS annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 76

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76

Price and dividend information 71
Price and dividend information
Our Class A common stock is not listed on a national securities exchange or traded in an organized over-the-counter market, but each
share of our Class A common stock is convertible into one share of our Class B common stock.
The following is a summary of our Class B common stock price activity and dividend information for 2004 and 2003. Our Class B
common stock is listed on the New York Stock Exchange under the symbol “UPS.”
Dividends
High Low Close Declared
2004:
First Quarter $ 74.46 $ 67.51 $ 69.84 $ 0.28
Second Quarter $75.26 $ 68.57 $ 75.17 $ 0.28
Third Quarter $76.00 $69.15 $75.92 $0.28
Fourth Quarter $ 87.70 $ 75.76 $ 85.46 $ 0.28
2003:
First Quarter $ 64.48 $ 53.00 $ 57.00 $ 0.21
Second Quarter $ 64.32 $ 56.52 $ 63.70 $ 0.21
Third Quarter $ 64.99 $ 61.17 $ 63.80 $ 0.25
Fourth Quarter $ 74.86 $ 63.76 $ 74.55 $ 0.25
As of February 28, 2005, there were 168,651 and 15,728 record holders of Class A and Class B common stock, respectively.
The policy of our Board of Directors is to declare dividends each year out of current earnings. The declaration of future dividends
is subject to the discretion of the Board of Directors in light of all relevant facts, including earnings, general business conditions and
working capital requirements.
On February 9, 2005, our Board declared a dividend of $0.33 per share, which was payable on March 9, 2005 to shareowners of
record on February 22, 2005.