United Parcel Service, Inc. (UPS) to Issue Quarterly Dividend of $1.63 on May 30th

United Parcel Service, Inc. (NYSE:UPS) announced a quarterly dividend on Wednesday, May 1st, RTT News reports. Shareholders of record on Monday, May 13th will be paid a dividend of 1.63 per share by the transportation company on Thursday, May 30th. This represents a $6.52 dividend on an annualized basis and a yield of 4.43%. The ex-dividend date of this dividend is Friday, May 10th.

United Parcel Service has raised its dividend 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 67.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect United Parcel Service to earn $9.60 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 67.9%.

United Parcel Service Stock Up 0.3 %

UPS opened at $147.10 on Wednesday. The firm has a market cap of $125.42 billion, a price-to-earnings ratio of 21.32, a PEG ratio of 1.68 and a beta of 1.05. United Parcel Service has a twelve month low of $133.68 and a twelve month high of $192.98. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.04 and a current ratio of 1.10. The firm’s 50-day simple moving average is $149.35 and its 200-day simple moving average is $150.53.

United Parcel Service (NYSE:UPS) last posted its earnings results on Tuesday, April 23rd. The transportation company reported $1.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.10. The company had revenue of $21.70 billion during the quarter, compared to analysts’ expectations of $21.84 billion. United Parcel Service had a net margin of 6.60% and a return on equity of 37.42%. United Parcel Service’s quarterly revenue was down 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.20 earnings per share. Equities research analysts anticipate that United Parcel Service will post 8.23 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on UPS shares. Evercore ISI reaffirmed an “in-line” rating and issued a $154.00 price target on shares of United Parcel Service in a report on Wednesday, March 27th. Susquehanna increased their price objective on shares of United Parcel Service from $150.00 to $160.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Robert W. Baird raised shares of United Parcel Service from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $165.00 to $170.00 in a report on Friday, February 16th. Deutsche Bank Aktiengesellschaft cut their price target on United Parcel Service from $183.00 to $179.00 and set a “buy” rating on the stock in a research note on Thursday, March 28th. Finally, Raymond James dropped their price objective on United Parcel Service from $185.00 to $175.00 and set a “strong-buy” rating for the company in a report on Wednesday, January 31st. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $165.23.

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.