United Parcel Service, Inc. Declares Quarterly Dividend of $1.63 (NYSE:UPS)

United Parcel Service, Inc. (NYSE:UPS) announced a quarterly dividend on Wednesday, November 6th, RTT News reports. Stockholders of record on Monday, November 18th will be given a dividend of 1.63 per share by the transportation company on Thursday, December 5th. This represents a $6.52 annualized dividend and a dividend yield of 4.87%.

United Parcel Service has raised its dividend by an average of 17.1% annually over the last three years and has increased its dividend annually for the last 15 consecutive years. United Parcel Service has a dividend payout ratio of 74.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect United Parcel Service to earn $8.79 per share next year, which means the company should continue to be able to cover its $6.52 annual dividend with an expected future payout ratio of 74.2%.

United Parcel Service Trading Up 0.1 %

Shares of NYSE UPS traded up $0.09 during trading hours on Wednesday, hitting $133.93. 5,622,715 shares of the company traded hands, compared to its average volume of 4,184,934. The company’s 50 day moving average price is $131.70 and its 200 day moving average price is $135.40. United Parcel Service has a 12 month low of $123.12 and a 12 month high of $163.82. The stock has a market capitalization of $114.72 billion, a price-to-earnings ratio of 20.01, a price-to-earnings-growth ratio of 2.19 and a beta of 0.99. The company has a current ratio of 1.14, a quick ratio of 1.25 and a debt-to-equity ratio of 1.20.

United Parcel Service (NYSE:UPS) last posted its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $0.13. The business had revenue of $22.20 billion for the quarter, compared to analysts’ expectations of $22.10 billion. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. The business’s revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.57 earnings per share. On average, equities research analysts anticipate that United Parcel Service will post 7.47 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Baird R W upgraded United Parcel Service to a “strong-buy” rating in a research report on Wednesday, July 24th. Susquehanna upped their price objective on United Parcel Service from $135.00 to $140.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Barclays reiterated an “underweight” rating and set a $120.00 target price on shares of United Parcel Service in a research report on Monday, October 21st. Argus upgraded shares of United Parcel Service from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, Stephens decreased their price objective on shares of United Parcel Service from $168.00 to $140.00 and set an “equal weight” rating for the company in a report on Wednesday, July 24th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, United Parcel Service has an average rating of “Moderate Buy” and an average target price of $151.71.

United Parcel Service Company Profile

United Parcel Service, Inc, a package delivery company, provides transportation and delivery, distribution, contract logistics, ocean freight, airfreight, customs brokerage, and insurance services. It operates through two segments, U.S. Domestic Package and International Package. The U.S. Domestic Package segment offers time-definite delivery of express letters, documents, small packages, and palletized freight through air and ground services in the United States.