United Parcel Service, Inc. (UPS) Plans $0.83 Quarterly Dividend

United Parcel Service, Inc. (NYSE:UPS) declared a quarterly dividend on Thursday, August 3rd, RTT News reports. Stockholders of record on Monday, August 14th will be paid a dividend of 0.83 per share by the transportation company on Wednesday, August 30th. This represents a $3.32 annualized dividend and a dividend yield of 2.93%. The ex-dividend date of this dividend is Thursday, August 10th.

United Parcel Service has increased its dividend by an average of 8.0% annually over the last three years and has increased its dividend annually for the last 7 consecutive years. United Parcel Service has a payout ratio of 55.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect United Parcel Service to earn $6.43 per share next year, which means the company should continue to be able to cover its $3.32 annual dividend with an expected future payout ratio of 51.6%.

Shares of United Parcel Service (NYSE:UPS) traded up 0.37% on Friday, hitting $113.34. The stock had a trading volume of 2,249,273 shares. The stock has a market capitalization of $98.15 billion, a P/E ratio of 27.87 and a beta of 0.88. The firm has a 50-day moving average price of $111.59 and a 200-day moving average price of $107.96. United Parcel Service has a 52 week low of $102.12 and a 52 week high of $120.44.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings data on Thursday, July 27th. The transportation company reported $1.58 earnings per share for the quarter, topping the consensus estimate of $1.46 by $0.12. United Parcel Service had a return on equity of 417.18% and a net margin of 5.68%. The company had revenue of $15.75 billion during the quarter, compared to analyst estimates of $15.49 billion. During the same period in the prior year, the business posted $1.43 earnings per share. The firm’s revenue for the quarter was up 7.7% compared to the same quarter last year. Equities analysts expect that United Parcel Service will post $6.01 earnings per share for the current fiscal year.

UPS has been the subject of several research analyst reports. Zacks Investment Research upgraded United Parcel Service from a “sell” rating to a “hold” rating in a research report on Monday, May 1st. BidaskClub upgraded United Parcel Service from a “sell” rating to a “hold” rating in a research report on Tuesday, June 20th. Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $116.00 price target on shares of United Parcel Service in a research report on Friday, May 19th. Cowen and Company restated a “hold” rating on shares of United Parcel Service in a research report on Wednesday, July 19th. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $127.00 price target on shares of United Parcel Service in a research report on Monday, July 3rd. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $114.57.

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In other United Parcel Service news, SVP Kathleen M. Gutmann sold 2,000 shares of the firm’s stock in a transaction on Monday, June 5th. The stock was sold at an average price of $107.49, for a total value of $214,980.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider James J. Barber sold 3,556 shares of the firm’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $110.85, for a total value of $394,182.60. The disclosure for this sale can be found here. 0.59% of the stock is owned by company insiders.

About United Parcel Service

United Parcel Service, Inc (UPS) is a package delivery company. The Company is a provider of global supply chain management solutions. The Company operates through three segments: U.S. Domestic Package operations, International Package operations, and Supply Chain & Freight operations. As of December 31, 2016, the Company delivered packages in over 220 countries and territories.

Dividend History for United Parcel Service (NYSE:UPS)

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