United Parcel Service, Inc. (UPS) to Issue Quarterly Dividend of $0.96 on September 4th
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.
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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