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. Investors 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 annualized dividend and a dividend yield of 4.86%. The ex-dividend date is Monday, November 18th.

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 payout ratio of 74.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect United Parcel Service to earn $8.75 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 74.5%.

United Parcel Service Price Performance

Shares of UPS opened at $134.07 on Friday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.14 and a current ratio of 1.14. The firm has a market cap of $114.84 billion, a PE ratio of 20.25, a PEG ratio of 2.20 and a beta of 0.99. The firm’s 50 day moving average price is $132.50 and its 200 day moving average price is $134.67. United Parcel Service has a twelve month low of $123.12 and a twelve month high of $163.82.

United Parcel Service (NYSE:UPS) last released its quarterly earnings results 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 the consensus estimate of $22.10 billion. United Parcel Service had a net margin of 6.25% and a return on equity of 37.38%. United Parcel Service’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.57 EPS. As a group, research analysts expect that United Parcel Service will post 7.48 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on UPS shares. UBS Group increased their price objective on United Parcel Service from $159.00 to $170.00 and gave the company a “buy” rating in a report on Friday, October 25th. BMO Capital Markets dropped their price target on shares of United Parcel Service from $169.00 to $155.00 and set a “market perform” rating on the stock in a research report on Wednesday, July 24th. Bank of America boosted their price objective on shares of United Parcel Service from $132.00 to $150.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Wells Fargo & Company lifted their target price on shares of United Parcel Service from $134.00 to $142.00 and gave the stock an “overweight” rating in a report on Thursday, October 10th. Finally, TD Cowen started coverage on shares of United Parcel Service in a report on Thursday, August 22nd. They set a “hold” rating and a $144.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, twelve have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $151.52.

About United Parcel Service

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.