United Parcel Service, Inc. (NYSE:UPS) declared a quarterly dividend on Thursday, February 8th, RTT News reports. Investors of record on Tuesday, February 20th will be given a dividend of 0.91 per share by the transportation company on Wednesday, March 7th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date of this dividend is Friday, February 16th. This is an increase from United Parcel Service’s previous quarterly dividend of $0.83.

United Parcel Service has raised its dividend payment by an average of 7.4% annually over the last three years and has raised its dividend every year for the last 8 years. United Parcel Service has a dividend payout ratio of 55.3% meaning its dividend is sufficiently covered by earnings. Analysts expect United Parcel Service to earn $7.80 per share next year, which means the company should continue to be able to cover its $3.32 annual dividend with an expected future payout ratio of 42.6%.

United Parcel Service (NYSE:UPS) opened at $106.39 on Friday. The company has a debt-to-equity ratio of 19.69, a current ratio of 1.22 and a quick ratio of 1.06. The company has a market cap of $91,679.45, a price-to-earnings ratio of 17.67, a P/E/G ratio of 1.59 and a beta of 0.91. United Parcel Service has a 52-week low of $102.12 and a 52-week high of $135.53.

United Parcel Service (NYSE:UPS) last posted its earnings results on Thursday, February 1st. The transportation company reported $1.67 EPS for the quarter, beating the Zacks’ consensus estimate of $1.66 by $0.01. The firm had revenue of $18.83 billion for the quarter, compared to the consensus estimate of $18.20 billion. United Parcel Service had a net margin of 7.45% and a return on equity of 477.77%. The company’s revenue was up 11.2% on a year-over-year basis. During the same period last year, the firm posted $1.63 EPS. research analysts predict that United Parcel Service will post 7.23 earnings per share for the current fiscal year.

A hedge fund recently raised its stake in United Parcel Service stock. Ark Investment Management LLC grew its position in United Parcel Service, Inc. (NYSE:UPS) by 85.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,695 shares of the transportation company’s stock after acquiring an additional 1,699 shares during the period. Ark Investment Management LLC’s holdings in United Parcel Service were worth $409,000 at the end of the most recent quarter. Institutional investors own 53.51% of the company’s stock.

A number of research analysts recently commented on the stock. Credit Suisse Group reaffirmed a “hold” rating and issued a $137.00 target price on shares of United Parcel Service in a research report on Wednesday, January 17th. BMO Capital Markets increased their target price on shares of United Parcel Service from $115.00 to $128.00 and gave the company a “market perform” rating in a research report on Friday, October 27th. Goldman Sachs Group assumed coverage on shares of United Parcel Service in a research report on Monday, November 13th. They issued a “buy” rating and a $148.00 target price on the stock. Vetr raised shares of United Parcel Service from a “sell” rating to a “hold” rating and set a $116.85 target price on the stock in a research report on Tuesday, December 26th. Finally, Stifel Nicolaus increased their target price on shares of United Parcel Service from $103.00 to $112.00 and gave the company a “hold” rating in a research report on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $126.47.

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About United Parcel Service

United Parcel Service, Inc (UPS) is a package delivery company. The Company is a provider of global supply chain management solutions. The Company operates through three segments: U.S. Domestic Package operations, International Package operations, and Supply Chain & Freight operations. As of December 31, 2016, the Company delivered packages in over 220 countries and territories.

Dividend History for United Parcel Service (NYSE:UPS)

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