Dividend Increases, New Shipping Rates, Closing of Public Offerings, and Price Movements - Analyst Notes on UPS, FedEx, CH Robinson Worldwide, UTi Worldwide, and XPO
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NEW YORK, March 10, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding United Parcel Service, Inc. (NYSE: UPS), FedEx Corporation (NYSE: FDX), C.H. Robinson Worldwide Inc. (NASDAQ: CHRW), UTi Worldwide Inc. (NASDAQ: UTIW), and XPO Logistics, Inc. (NYSE: XPO). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.AnalystsReview.com/register
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United Parcel Service, Inc. Analyst Notes
On February 13, 2014, United Parcel Service, Inc. (UPS) announced that its Board of Directors has declared a quarterly dividend of $0.67 per share. The dividend represents an 8.1% growth on quarterly dividends of all outstanding Class A and Class B shares. The dividend increase is in recognition of the Company's solid cash flow performance and commitment to delivering shareowner value. "During 2013, UPS generated $5.3 billion in free cash flow, enabling reinvestment for growth," said Scott Davis, UPS Chairman and CEO. "In addition, we increased our shareholder distributions, paying dividends of $2.3 billion and repurchased more than $3.8 billion in UPS shares. This latest dividend increase shows that the UPS business model consistently generates improved returns to shareowners." The dividend is payable March 11, 2014, to shareowners of record on February 24, 2014. The full analyst notes on United Parcel Service, Inc. are available to download free of charge at:
http://www.AnalystsReview.com/03102014/UPS/report.pdf
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FedEx Corporation Analyst Notes
On March 3, 2014, FedEx Corp. (FedEx) announced that it will increase its shipping rates by an average of 3.9% effective on March 31, 2014. This rate change for FedEx Freight applies to shipments covered by the FXF 1000, FXF 501 and other related series base rates. The rate changes also applies to eligible FedEx Freight® shipments within the US, between the contiguous US and Canada, within Canada, between the contiguous US and Mexico, and within Mexico. The full analyst notes on FedEx Corporation are available to download free of charge at:
http://www.AnalystsReview.com/03102014/FDX/report.pdf
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C.H. Robinson Worldwide Inc. Analyst Notes
On February 13, 2014, C.H. Robinson Worldwide Inc. (CH Robinson Worldwide) announced that its Board of Directors has authorized and declared a regular quarterly cash dividend of $0.35 per share. The dividend is payable on March 31, 2014, to shareholders of record on March 7, 2014. The full analyst notes on C.H. Robinson Worldwide Inc. are available to download free of charge at:
http://www.AnalystsReview.com/03102014/CHRW/report.pdf
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UTi Worldwide Inc. Analyst Notes
On March 4, 2014, UTi Worldwide Inc. (UTi Worldwide) announced the closing of its previously announced private offerings, which consisted of $350 million aggregate principal amount of 4.50% Convertible Senior Notes due 2019 and $175 million of 7.00% Convertible Preference Shares. The Company has also granted the initial purchasers in the Notes offering an option to purchase up to an additional $50 million aggregate principal amount of the Notes, which option has been exercised in full, increasing the aggregate principal amount of the Notes to $400 million. Total net proceeds from the offering were approximately $555 million and net proceeds are intended to be used to repay debt and for other general corporate purposes. The full analyst notes on UTi Worldwide Inc. are available to download free of charge at:
http://www.AnalystsReview.com/03102014/UTIW/report.pdf
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XPO Logistics, Inc. Analyst Notes
On March 5, 2014, XPO Logistics Inc.'s (XPO) stock jumped 2.40% to end the day at $31.53 compared to the previous day's closing price at $30.79. The Company's stock grew 0.28% over the past three trading days, compared to the Dow Jones Industrial Average which rose 0.24% during the same trading period. The full analyst notes on XPO Logistics, Inc. are available to download free of charge at:
http://www.AnalystsReview.com/03102014/XPO/report.pdf
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