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 given a dividend of 1.64 per share by the transportation company on Thursday, September 3rd. This represents a c) annualized dividend and a yield of 6.3%. The ex-dividend date of this dividend is Monday, August 17th.
United Parcel Service has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 16 years. United Parcel Service has a payout ratio of 82.7% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities research analysts expect United Parcel Service to earn $7.96 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 82.4%.
United Parcel Service Trading Down 1.0%
Shares of United Parcel Service stock opened at $104.53 on Friday. United Parcel Service has a fifty-two week low of $82.00 and a fifty-two week high of $122.41. The firm has a market cap of $88.85 billion, a PE ratio of 19.43, a P/E/G ratio of 1.91 and a beta of 1.06. The business’s fifty day moving average is $108.88 and its two-hundred day moving average is $106.51. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.58.
Institutional Investors Weigh In On United Parcel Service
Large investors have recently made changes to their positions in the business. University of Texas Texas AM Investment Management Co. acquired a new stake in United Parcel Service in the 4th quarter valued at $25,000. IFC & Insurance Marketing Inc. acquired a new position in shares of United Parcel Service during the fourth quarter worth about $25,000. Coston McIsaac & Partners lifted its stake in shares of United Parcel Service by 77.8% during the fourth quarter. Coston McIsaac & Partners now owns 272 shares of the transportation company’s stock worth $27,000 after purchasing an additional 119 shares in the last quarter. Torren Management LLC purchased a new stake in shares of United Parcel Service in the fourth quarter worth about $29,000. Finally, Kemnay Advisory Services Inc. purchased a new stake in shares of United Parcel Service in the fourth quarter worth about $29,000. Institutional investors and hedge funds own 60.26% of the company’s stock.
United Parcel Service Company Profile
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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