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

Key Points

• United Parcel Service, Inc. has declared a quarterly dividend of $1.64 per share, payable on September 4th to stockholders of record as of August 18th.
• The company's payout ratio stands at 82.7%, indicating that its dividend is currently covered by earnings, but future coverage may be at risk if earnings decline.
• In its latest quarterly earnings, UPS reported $1.55 EPS, slightly missing analysts' expectations, with revenues totaling $21.20 billion, reflecting a 2.7% year-over-year decline.

United Parcel Service, Inc. (NYSE:UPS - Get Free Report) announced a quarterly dividend on Wednesday, August 6th, RTT News reports. Investors of record on Monday, August 18th will be given a dividend of 1.64 per share by the transportation company on Thursday, September 4th. This represents a c) dividend on an annualized basis and a yield of 7.6%. The ex-dividend date is Monday, August 18th.

United Parcel Service has a dividend 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. 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 Price Performance

NYSE UPS traded up $0.16 during trading on Friday, reaching $86.65. The company's stock had a trading volume of 6,275,090 shares, compared to its average volume of 8,095,052. The firm has a fifty day moving average of $98.23 and a 200 day moving average of $104.63. United Parcel Service has a one year low of $84.28 and a one year high of $145.01. The stock has a market capitalization of $73.38 billion, a PE ratio of 12.89, a P/E/G ratio of 1.58 and a beta of 1.12. The company has a debt-to-equity ratio of 1.51, a current ratio of 1.32 and a quick ratio of 1.09.

United Parcel Service (NYSE:UPS - Get Free Report) last posted its quarterly earnings data on Tuesday, July 29th. The transportation company reported $1.55 earnings per share for the quarter, missing the consensus estimate of $1.56 by ($0.01). United Parcel Service had a return on equity of 39.61% and a net margin of 6.34%. The company had revenue of $21.20 billion during the quarter, compared to the consensus estimate of $20.90 billion. During the same quarter last year, the company posted $1.79 earnings per share. The firm's revenue for the quarter was down 2.7% on a year-over-year basis. Analysts expect that United Parcel Service will post 7.95 EPS for the current fiscal year.

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.