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

United Parcel Service, Inc. (NYSE:UPS) announced a quarterly dividend on Wednesday, November 6th,RTT News reports. Shareholders of record on Monday, November 18th will be paid a dividend of 1.63 per share by the transportation company on Thursday, December 5th. This represents a $6.52 dividend on an annualized basis and a yield of 4.86%. The ex-dividend date is Monday, November 18th.

United Parcel Service has increased its dividend payment by an average of 17.1% annually over the last three years and has raised 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. Research analysts expect United Parcel Service to earn $8.74 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 74.6%.

United Parcel Service Trading Up 0.2 %

NYSE UPS opened at $134.17 on Friday. The company has a 50-day moving average of $131.83 and a 200-day moving average of $135.39. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.14 and a quick ratio of 1.25. United Parcel Service has a 12 month low of $123.12 and a 12 month high of $163.82. The company has a market cap of $114.93 billion, a P/E ratio of 20.27, a P/E/G ratio of 2.20 and a beta of 0.99.

United Parcel Service (NYSE:UPS) last released its quarterly earnings data on Thursday, October 24th. The transportation company reported $1.76 EPS for the quarter, topping analysts’ consensus estimates of $1.63 by $0.13. United Parcel Service had a return on equity of 37.38% and a net margin of 6.25%. The business had revenue of $22.20 billion during the quarter, compared to the consensus estimate of $22.10 billion. During the same period in the prior year, the firm posted $1.57 EPS. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. As a group, equities analysts predict that United Parcel Service will post 7.48 earnings per share for the current year.

Wall Street Analyst Weigh In

UPS has been the subject of a number of research reports. Bank of America boosted their target price on United Parcel Service from $132.00 to $150.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Baird R W raised shares of United Parcel Service to a “strong-buy” rating in a research note on Wednesday, July 24th. Stifel Nicolaus upped their price target on shares of United Parcel Service from $151.00 to $156.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Evercore ISI raised their price objective on United Parcel Service from $138.00 to $141.00 and gave the company an “in-line” rating in a research report on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. decreased their target price on United Parcel Service from $140.00 to $139.00 and set a “neutral” rating for the company in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target 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.