United Parcel Service, Inc. (NYSE:UPS – Get Free Report) announced a quarterly dividend on Wednesday, August 5th. Shareholders of record on Monday, August 17th will be paid a dividend of 1.64 per share by the transportation company on Thursday, September 3rd. This represents a c) dividend on an annualized basis and a yield of 6.1%. The ex-dividend date is Monday, August 17th.
United Parcel Service has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 16 years. United Parcel Service has a dividend payout ratio of 82.7% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Analysts expect United Parcel Service to earn $7.93 per share next year, which means the company should continue to be able to cover its $6.56 annual dividend with an expected future payout ratio of 82.7%.
United Parcel Service Trading Down 1.3%
UPS opened at $107.74 on Thursday. United Parcel Service has a 1-year low of $82.00 and a 1-year high of $122.41. The stock has a market capitalization of $91.58 billion, a PE ratio of 20.03, a PEG ratio of 1.97 and a beta of 1.06. The company has a current ratio of 1.18, a quick ratio of 1.21 and a debt-to-equity ratio of 1.58. The firm has a 50-day moving average price of $109.44 and a two-hundred day moving average price of $106.66.
About United Parcel Service
United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.
The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.
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