United Parcel Service, Inc. (NYSE:UPS) to Issue $1.63 Quarterly Dividend

United Parcel Service, Inc. (NYSE:UPS) announced a quarterly dividend on Wednesday, November 6th,RTT News reports. Investors of record on Monday, November 18th will be paid a dividend of 1.63 per share by the transportation company on Thursday, December 5th. This represents a $6.52 annualized dividend and a dividend yield of 4.86%. The ex-dividend date is Monday, November 18th.

United Parcel Service has increased its dividend by an average of 17.1% per year over the last three years and has increased its dividend every year for the last 15 years. United Parcel Service has a payout ratio of 74.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect United Parcel Service to earn $8.75 per share next year, which means the company should continue to be able to cover its $6.52 annual dividend with an expected future payout ratio of 74.5%.

United Parcel Service Price Performance

United Parcel Service stock opened at $134.10 on Friday. The stock’s fifty day moving average price is $132.50 and its two-hundred day moving average price is $134.76. The firm has a market cap of $114.86 billion, a PE ratio of 20.26, a price-to-earnings-growth ratio of 2.19 and a beta of 0.99. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.14. United Parcel Service has a one year low of $123.12 and a one year high of $163.82.

United Parcel Service (NYSE:UPS) last released its earnings results on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, beating the consensus estimate of $1.63 by $0.13. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The firm had revenue of $22.20 billion for the quarter, compared to analyst estimates of $22.10 billion. During the same period last year, the firm earned $1.57 EPS. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. As a group, research analysts expect that United Parcel Service will post 7.48 EPS for the current fiscal year.

Analyst Ratings Changes

UPS has been the topic of a number of research analyst reports. TD Cowen assumed coverage on shares of United Parcel Service in a research note on Thursday, August 22nd. They issued a “hold” rating and a $144.00 price target on the stock. Robert W. Baird decreased their target price on shares of United Parcel Service from $170.00 to $160.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 24th. Argus upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. JPMorgan Chase & Co. cut their price objective on United Parcel Service from $140.00 to $139.00 and set a “neutral” rating on the stock in a report on Friday, October 25th. Finally, Wells Fargo & Company upped their target price on United Parcel Service from $134.00 to $142.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $151.52.

About United Parcel Service

United Parcel Service, Inc, a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of express letters, documents, small packages, and palletized freight through air and ground services in the United States.