United Parcel Service, Inc. (NYSE:UPS) announced a quarterly dividend on Thursday, August 8th, Fidelity reports. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date of this dividend is Friday, August 16th.
United Parcel Service has increased its dividend payment by an average of 7.6% annually over the last three years and has increased its dividend every year for the last 9 years. United Parcel Service has a payout ratio of 53.0% indicating that its dividend is sufficiently covered by earnings. Research 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%.
Shares of NYSE UPS traded down $1.10 during mid-day trading on Wednesday, reaching $114.73. The company had a trading volume of 14,248 shares, compared to its average volume of 3,319,324. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 4.62. The stock has a 50 day simple moving average of $109.05. The stock has a market cap of $99.39 billion, a PE ratio of 15.87, a P/E/G ratio of 1.76 and a beta of 1.23. United Parcel Service has a 52-week low of $89.89 and a 52-week high of $125.09.
UPS has been the subject of several recent analyst reports. Bank of America upgraded shares of United Parcel Service from a “neutral” rating to a “buy” rating and set a $130.00 price objective for the company in a research note on Thursday, July 25th. Argus reiterated a “buy” rating on shares of United Parcel Service in a research note on Tuesday, April 30th. Zacks Investment Research upgraded shares of United Parcel Service from a “sell” rating to a “hold” rating and set a $101.00 price objective for the company in a research note on Thursday, May 23rd. Raymond James raised their price objective on shares of United Parcel Service from $130.00 to $135.00 and gave the company a “strong-buy” rating in a research note on Thursday, July 25th. Finally, UBS Group raised their price objective on shares of United Parcel Service to $128.00 and gave the company a “buy” rating in a research note on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $118.82.
United Parcel Service Company Profile
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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