SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Securities Exchange Act of 1934
(Date of earliest event reported)
(Exact name of registrant as specified in its charter)
|(State or other jurisdiction of incorporation)||
Algonquin Road, Elk Grove Township, Illinois
(Address of principal executive offices)
Registrant's telephone number, including area code (847) 700- 4000
(Former name or former address, if changed since last report)
ITEM 5. OTHER EVENTS.
UAL Corporation (the "Company") is filing herewith a press release, "UAL
Corporation's Board Reduces Quarterly Common Stock Dividend", as Exhibit
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
|/s/ Douglas A. Hacker|
Executive Vice President,
and Chief Financial Officer
Dated: July 3, 2001
Media Relations (847) 700-5538
COMMON STOCK DIVIDEND
CHICAGO, July 3, 2001 -- UAL Corporation (NYSE: UAL) announced today that the board of directors has declared a dividend of $0.05 per share of outstanding UAL common stock, to be paid Aug. 1 to shareholders of record July 16. This dividend is a reduction from the company's previous dividend rate of $0.3125 per share.
"We recognize the importance of the cash dividend to our stockholders, and we remain committed to rewarding them for their support," said UAL Corporation Chairman and Chief Executive Officer James E. Goodwin. "At the same time, the current weak economic environment and the uncertain outlook are having significant industry-wide effects on revenue, negatively affecting our overall performance. Therefore, the board believes it prudent to reduce the dividend rate for the time being."
UAL Corporation is the holding company whose primary subsidiary is United Airlines. United offers almost 2,400 scheduled flights a day to 130 destinations in 27 countries and two U.S. territories.
- UAL -
The web page address for UAL Corp. and United Airlines is www.united.com