United Parcel Service, Inc. Announces Quarterly Dividend of $1.64 (NYSE:UPS)

United Parcel Service, Inc. (NYSE:UPS) declared a quarterly dividend on Tuesday, January 27th. Stockholders of record on Tuesday, February 17th will be given a dividend of 1.64 per share by the transportation company on Thursday, March 5th. This represents a c) dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date is Tuesday, February 17th.

United Parcel Service has raised its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 16 consecutive years. United Parcel Service has a dividend payout ratio of 82.7% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities research analysts expect United Parcel Service to earn $8.77 per share next year, which means the company should continue to be able to cover its $6.56 annual dividend with an expected future payout ratio of 74.8%.

United Parcel Service Stock Performance

Shares of NYSE UPS traded up $0.37 during midday trading on Tuesday, hitting $107.34. The company’s stock had a trading volume of 12,643,317 shares, compared to its average volume of 5,536,692. The company has a debt-to-equity ratio of 1.50, a quick ratio of 1.30 and a current ratio of 1.30. United Parcel Service has a 1-year low of $82.00 and a 1-year high of $136.99. The firm’s fifty day moving average price is $100.72 and its 200-day moving average price is $93.36. The firm has a market cap of $91.07 billion, a P/E ratio of 16.59, a P/E/G ratio of 2.33 and a beta of 1.11.

United Parcel Service (NYSE:UPS) last issued its earnings results on Tuesday, January 27th. The transportation company reported $2.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.20 by $0.18. The firm had revenue of $24.50 billion for the quarter, compared to analysts’ expectations of $23.91 billion. United Parcel Service had a net margin of 6.15% and a return on equity of 40.07%. United Parcel Service’s revenue was down 3.2% on a year-over-year basis. During the same quarter last year, the company posted $2.75 earnings per share. On average, sell-side analysts forecast that United Parcel Service will post 7.95 EPS for the current fiscal year.

Analysts Set New Price Targets

UPS has been the subject of a number of analyst reports. Evercore ISI boosted their price objective on United Parcel Service from $94.00 to $113.00 and gave the company an “in-line” rating in a research report on Wednesday, January 21st. Truist Financial boosted their price target on shares of United Parcel Service from $100.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, October 29th. Wall Street Zen raised shares of United Parcel Service from a “sell” rating to a “hold” rating in a report on Saturday, November 1st. Susquehanna lifted their price objective on shares of United Parcel Service from $105.00 to $115.00 and gave the company a “neutral” rating in a research report on Tuesday, January 20th. Finally, Citigroup upped their target price on shares of United Parcel Service from $120.00 to $126.00 and gave the stock a “buy” rating in a research report on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, fifteen have issued a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, United Parcel Service has an average rating of “Hold” and a consensus price target of $111.84.

United Parcel Service Company Profile

United Parcel Service (NYSE: UPS) is a global package delivery and supply chain management company that provides a broad range of transportation, logistics and e-commerce services. Its core business centers on small-package delivery and last-mile distribution for business and individual customers, supported by a network of ground transportation, air cargo operations (UPS Airlines) and sorting facilities. In addition to parcel delivery, UPS offers freight transportation, contract logistics, warehousing, customs brokerage and reverse-logistics solutions designed to support domestic and international commerce.

The company traces its roots to 1907 when it began as a small messenger service in the United States and later evolved into the United Parcel Service.