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.
ILLEGAL ACTIVITY NOTICE: “United Parcel Service, Inc. (UPS) Plans $0.83 Quarterly Dividend” was reported by Community Financial News and is the sole property of of Community Financial News. If you are accessing this piece on another domain, it was illegally copied and reposted in violation of United States and international copyright law. The original version of this piece can be viewed at https://www.com-unik.info/2017/08/19/united-parcel-service-inc-ups-announces-0-83-quarterly-dividend-updated.html.
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.
What are top analysts saying about United Parcel Service Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for United Parcel Service Inc. and related companies.