United Parcel Service, Inc. (NYSE:UPS) declared a quarterly dividend on Thursday, November 2nd, RTT News reports. Shareholders of record on Monday, November 13th will be given a dividend of 0.83 per share by the transportation company on Wednesday, November 29th. This represents a $3.32 dividend on an annualized basis and a yield of 2.82%.

United Parcel Service has raised its dividend payment by an average of 8.0% per year over the last three years and has increased its dividend every year for the last 7 years. United Parcel Service has a dividend payout ratio of 55.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect United Parcel Service to earn $6.46 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 51.4%.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings results on Thursday, October 26th. The transportation company reported $1.45 EPS for the quarter, hitting the consensus estimate of $1.45. United Parcel Service had a return on equity of 551.29% and a net margin of 5.58%. The business had revenue of $15.98 billion for the quarter, compared to analyst estimates of $15.62 billion. During the same quarter in the previous year, the firm earned $1.44 EPS. The company’s quarterly revenue was up 7.0% compared to the same quarter last year.

In other news, EVP Alan Gershenhorn sold 17,699 shares of the company’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $114.10, for a total transaction of $2,019,455.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.59% of the stock is owned by corporate insiders.

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Several analysts recently issued reports on the stock. Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $123.00 price objective (up from $116.00) on shares of United Parcel Service in a report on Wednesday, September 20th. BidaskClub downgraded United Parcel Service from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. BMO Capital Markets lifted their target price on United Parcel Service from $115.00 to $128.00 and gave the company a “market perform” rating in a research report on Friday, October 27th. Zacks Investment Research downgraded United Parcel Service from a “buy” rating to a “hold” rating in a research report on Thursday, October 5th. Finally, Credit Suisse Group AG reaffirmed a “neutral” rating and issued a $108.00 target price on shares of United Parcel Service in a research report on Tuesday, August 15th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $119.11.

United Parcel Service Company Profile

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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