United Parcel Service, Inc. (UPS) To Go Ex-Dividend on August 16th

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.



United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Wednesday, July 24th. The transportation company reported $1.96 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.93 by $0.03. The company had revenue of $18.05 billion for the quarter, compared to the consensus estimate of $17.98 billion. United Parcel Service had a net margin of 6.56% and a return on equity of 175.60%. United Parcel Service’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same period last year, the firm posted $1.94 EPS. Research analysts predict that United Parcel Service will post 7.49 earnings per share for the current fiscal year.

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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Dividend History for United Parcel Service (NYSE:UPS)

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