United Parcel Service, Inc. (UPS) Announces Dividend Increase – $0.91 Per Share

United Parcel Service, Inc. (NYSE:UPS) announced a quarterly dividend on Thursday, February 8th, RTT News reports. Shareholders of record on Tuesday, February 20th will be given a dividend of 0.91 per share by the transportation company on Wednesday, March 7th. This represents a $3.64 dividend on an annualized basis and a yield of 3.33%. This is a positive change from United Parcel Service’s previous quarterly dividend of $0.83.

United Parcel Service has raised its dividend payment by an average of 7.4% annually over the last three years and has raised its dividend every year for the last 8 years. United Parcel Service has a payout ratio of 55.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect United Parcel Service to earn $7.80 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 42.6%.

United Parcel Service (UPS) traded down $2.63 during trading hours on Thursday, reaching $109.28. The company’s stock had a trading volume of 6,980,000 shares, compared to its average volume of 4,570,000. The company has a quick ratio of 1.06, a current ratio of 1.22 and a debt-to-equity ratio of 19.69. United Parcel Service has a twelve month low of $102.12 and a twelve month high of $135.53. The stock has a market capitalization of $94,170.00, a P/E ratio of 19.48, a P/E/G ratio of 1.69 and a beta of 0.91.

United Parcel Service (NYSE:UPS) last released its earnings results on Thursday, February 1st. The transportation company reported $1.67 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.66 by $0.01. United Parcel Service had a return on equity of 477.77% and a net margin of 7.45%. The business had revenue of $18.83 billion during the quarter, compared to the consensus estimate of $18.20 billion. During the same period last year, the business posted $1.63 earnings per share. The business’s revenue for the quarter was up 11.2% on a year-over-year basis. analysts forecast that United Parcel Service will post 7.23 EPS for the current year.

A number of analysts have issued reports on the company. Robert W. Baird reissued a “hold” rating and issued a $130.00 target price on shares of United Parcel Service in a research report on Tuesday, January 9th. Credit Suisse Group reissued a “hold” rating and issued a $116.00 target price (up from $108.00) on shares of United Parcel Service in a research report on Thursday, October 12th. They noted that the move was a valuation call. Morgan Stanley raised their price target on United Parcel Service from $79.00 to $90.00 and gave the stock an “underweight” rating in a report on Friday, February 2nd. Oppenheimer reaffirmed a “buy” rating and issued a $123.00 price target on shares of United Parcel Service in a report on Monday, November 6th. Finally, BMO Capital Markets raised their price target on United Parcel Service from $115.00 to $128.00 and gave the stock a “market perform” rating in a report on Friday, October 27th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $126.14.

A hedge fund recently raised its stake in United Parcel Service stock. Ark Investment Management LLC boosted its holdings in shares of United Parcel Service, Inc. (NYSE:UPS) by 85.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,695 shares of the transportation company’s stock after buying an additional 1,699 shares during the period. Ark Investment Management LLC’s holdings in United Parcel Service were worth $409,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 53.51% of the company’s stock.

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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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