United Parcel Service, Inc. (NYSE:UPS) Shareholders to Collect $1.64 Quarterly Dividend

United Parcel Service, Inc. (NYSE:UPS) announced a quarterly dividend on Wednesday, November 4th. Investors of record on Monday, November 16th will be paid a dividend of $1.64 per share by the transportation company on Thursday, December 3rd. This represents a $6.56 annualized dividend and a yield of 5.7%. The ex-dividend date is Monday, November 16th.

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 annually for the last 16 consecutive 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 fall. Analysts expect United Parcel Service to earn $8.00 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 82.0%.

United Parcel Service Stock Up 4.7%

Shares of NYSE UPS opened at $114.29 on Thursday. The company has a current ratio of 1.24, a quick ratio of 1.18 and a debt-to-equity ratio of 1.67. The stock has a market cap of $97.24 billion, a P/E ratio of 21.98, a PEG ratio of 1.96 and a beta of 0.98. The business’s fifty day simple moving average is $99.65 and its 200-day simple moving average is $104.68. United Parcel Service has a 12-month low of $90.84 and a 12-month high of $122.41.

United Parcel Service (NYSE:UPS) last announced its quarterly earnings data on Wednesday, November 4th. The transportation company reported $1.69 earnings per share (EPS) for the quarter. United Parcel Service had a return on equity of 37.78% and a net margin of 4.84%. The business had revenue of $22.85 billion during the quarter. As a group, equities analysts predict that United Parcel Service will post 7.28 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on UPS shares. Bank of America lifted their price target on United Parcel Service from $108.00 to $114.00 and gave the stock a “neutral” rating in a report on Wednesday, October 28th. Wall Street Zen upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a research note on Saturday, October 31st. Evercore raised their price objective on United Parcel Service from $117.00 to $118.00 in a report on Wednesday, July 29th. BMO Capital Markets lifted their target price on United Parcel Service from $110.00 to $115.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 29th. Finally, Wells Fargo & Company boosted their target price on United Parcel Service from $110.00 to $112.00 and gave the company an “equal weight” rating in a report on Wednesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $118.45.

United Parcel Service Company Profile

United Parcel Service, Inc (NYSE: UPS) is a global package delivery and logistics company. Its services include the transportation and delivery of packages and freight, time-definite express delivery, supply chain management, customs brokerage, and logistics consulting. UPS serves businesses and consumers through ground, air, and international delivery networks.

The company operates across the United States and in international markets throughout Europe, Asia-Pacific, Latin America, Canada, and other regions.