United Parcel Service, Inc. (NYSE:UPS) announced a quarterly dividend on Thursday, August 8th, Fidelity reports. Shareholders of record on Monday, August 19th will be paid a dividend of 0.96 per share by the transportation company on Wednesday, September 4th. This represents a $3.84 annualized dividend and a yield of 3.33%. The ex-dividend date is Friday, August 16th.

United Parcel Service has raised its dividend by an average of 7.6% annually over the last three years and has raised its dividend annually for the last 9 consecutive years. United Parcel Service has a dividend payout ratio of 53.0% meaning its dividend is sufficiently covered by earnings. Analysts expect United Parcel Service to earn $8.05 per share next year, which means the company should continue to be able to cover its $3.84 annual dividend with an expected future payout ratio of 47.7%.

United Parcel Service stock traded down $0.64 during mid-day trading on Wednesday, hitting $115.19. 534,796 shares of the company’s stock traded hands, compared to its average volume of 3,319,324. The company has a 50 day moving average price of $109.05. The company has a debt-to-equity ratio of 4.62, a quick ratio of 1.09 and a current ratio of 1.09. The firm has a market cap of $99.39 billion, a P/E ratio of 15.91, a PEG ratio of 1.76 and a beta of 1.23. United Parcel Service has a one year low of $89.89 and a one year high of $125.09.

United Parcel Service (NYSE:UPS) last announced its earnings results on Wednesday, July 24th. The transportation company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.93 by $0.03. The firm had revenue of $18.05 billion for the quarter, compared to the consensus estimate of $17.98 billion. United Parcel Service had a return on equity of 175.60% and a net margin of 6.56%. The firm’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.94 EPS. Sell-side analysts forecast that United Parcel Service will post 7.49 earnings per share for the current year.

UPS has been the topic of several recent analyst reports. Stifel Nicolaus downgraded United Parcel Service from a “buy” rating to a “hold” rating and set a $118.00 target price on the stock. in a research note on Monday, July 29th. Argus reaffirmed a “buy” rating on shares of United Parcel Service in a research note on Tuesday, April 30th. Zacks Investment Research raised United Parcel Service from a “sell” rating to a “hold” rating and set a $101.00 target price on the stock in a research note on Thursday, May 23rd. Deutsche Bank reissued a “hold” rating on shares of United Parcel Service in a research note on Tuesday, July 2nd. Finally, Bank of America raised United Parcel Service from a “neutral” rating to a “buy” rating and set a $130.00 price objective on the stock in a research note on Thursday, July 25th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $118.82.

About United Parcel Service

United Parcel Service, Inc provides letter and package delivery, specialized transportation, logistics, and financial services. It operates through three segments: U.S. Domestic Package, International Package, and Supply Chain & Freight. The U.S. Domestic Package segment offers time-definite delivery of letters, documents, small packages, and palletized freight through air and ground services in the United States.

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Dividend History for United Parcel Service (NYSE:UPS)

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