United Parcel Service, Inc. (UPS) To Go Ex-Dividend on November 16th

United Parcel Service, Inc. (NYSE:UPS) announced a quarterly dividend on Wednesday, November 4th. Investors of record on Monday, November 16th will be given a dividend of $1.64 per share by the transportation company on Thursday, December 3rd. This represents a $6.56 dividend on an annualized basis and a yield of 5.9%. The ex-dividend date of this dividend is Monday, November 16th.

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 payout ratio of 82.7% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities analysts expect United Parcel Service to earn $8.00 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 82.0%.

United Parcel Service Trading Down 3.0%

Shares of UPS stock opened at $110.83 on Friday. The company has a quick ratio of 1.18, a current ratio of 1.24 and a debt-to-equity ratio of 1.67. The company has a 50 day moving average of $99.76 and a 200-day moving average of $104.70. United Parcel Service has a 12-month low of $90.84 and a 12-month high of $122.41. The firm has a market cap of $94.29 billion, a P/E ratio of 21.31, a PEG ratio of 2.05 and a beta of 0.98.

United Parcel Service (NYSE:UPS) last issued its quarterly earnings results on Wednesday, November 4th. The transportation company reported $1.69 EPS for the quarter. United Parcel Service had a return on equity of 37.78% and a net margin of 4.84%. The firm had revenue of $22.85 billion for the quarter. Sell-side analysts anticipate that United Parcel Service will post 7.28 earnings per share for the current year.

Analyst Ratings Changes

UPS has been the topic of a number of analyst reports. Susquehanna boosted their target price on shares of United Parcel Service from $118.00 to $120.00 and gave the company a “neutral” rating in a report on Wednesday, July 29th. Sanford C. Bernstein lowered their target price on shares of United Parcel Service from $131.00 to $127.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 21st. Raymond James Financial raised their price target on United Parcel Service from $127.00 to $131.00 and gave the company a “strong-buy” rating in a research report on Wednesday, July 29th. Weiss Ratings upgraded shares of United Parcel Service from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, August 17th. Finally, Wells Fargo & Company boosted their target price on United Parcel Service from $110.00 to $112.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $118.45.

About United Parcel Service

United Parcel Service, Inc (NYSE: UPS) is a global package delivery and logistics company. Its services include the transportation and delivery of packages and freight, time-definite express delivery, supply chain management, customs brokerage, and logistics consulting. UPS serves businesses and consumers through ground, air, and international delivery networks.

The company operates across the United States and in international markets throughout Europe, Asia-Pacific, Latin America, Canada, and other regions.