UPS 2015 Annual Report Download - page 34

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22
PART II
Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
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 2015 and 2014. Our
class B common stock is listed on the New York Stock Exchange under the symbol “UPS”.
High Low Close
Dividends
Declared
2015:
First Quarter $ 114.25 $ 96.59 $ 96.94 $ 0.73
Second Quarter $ 102.13 $ 95.38 $ 96.91 $ 0.73
Third Quarter $ 103.43 $ 94.46 $ 98.69 $ 0.73
Fourth Quarter $ 106.80 $ 96.23 $ 96.23 $ 0.73
2014:
First Quarter $ 104.85 $ 93.19 $ 97.38 $ 0.67
Second Quarter $ 104.30 $ 95.57 $ 102.66 $ 0.67
Third Quarter $ 105.09 $ 94.87 $ 98.29 $ 0.67
Fourth Quarter $ 113.10 $ 94.05 $ 111.17 $ 0.67
As of February 17, 2016, there were 154,153 and 18,383 record holders of class A and class B common stock,
respectively.
The policy of our Board of Directors is to declare dividends out of current earnings. The declaration of dividends is
subject to the discretion of the Board of Directors and will depend on various factors, including our net income, financial
condition, cash requirements, future prospects and other relevant factors.
On February 10, 2016, our Board declared a dividend of $0.78 per share, which is payable on March 9, 2016 to
shareowners of record on February 22, 2016. This represents a nearly 7% increase from the previous $0.73 quarterly dividend
in 2015.
A summary of repurchases of our class A and class B common stock during the fourth quarter of 2015 is as follows (in
millions, except per share amounts):
Total Number
of Shares
Purchased(1)
Total Number
of Shares Purchased
as Part of Publicly
Announced Program
Average
Price Paid
Per Share
Approximate Dollar
Value of Shares that
May Yet be Purchased
Under the Program
(as of month-end)
October 1—October 31 4.3 4.3 $ 102.94 $ 1,680
November 1—November 30 0.9 0.8 104.17 1,596
December 1—December 31 1.5 1.5 101.08 1,441
Total October 1—December 31 6.7 6.6 $ 102.66
(1) Includes shares repurchased through our publicly announced share repurchase program and shares tendered to pay the
exercise price and tax withholding on employee stock options.
On February 14, 2013, the Board of Directors approved a share repurchase authorization of $10.0 billion, which replaced an
authorization previously announced in 2012. The new share repurchase authorization has no expiration date. We anticipate
repurchasing approximately $2.7 billion of shares in 2016.