EX-Dividend Schedule: United Parcel Service Has Quadrupled its Dividend since 1999; Will Trade Ex-Dividend on May 18, 2018
LONDON, UK / ACCESSWIRE / May 17, 2018 / Active-Investors has a free review on United Parcel Service, Inc. (NYSE: UPS) (“UPS”) following the Company’s announcement that it will begin trading ex-dividend on May 18, 2018. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on May 17, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on UPS:
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Dividend Declared
On May 10, 2018, UPS’ Board of Directors declared a regular quarterly dividend of $0.91 per share on all outstanding Class A and Class B shares. The dividend is payable June 06, 2018, to shareowners of record on May 21, 2018.
UPS’ indicated dividend represents a yield of 3.13%, which is substantially higher than to the average dividend yield for the Services sector of 2.04%. UPS has a long history of rewarding shareowners with generous cash dividends. The Company has paid either stock or cash dividends every year since 1955 and has more than quadrupled its dividend since it went public at the end of 1999.
Dividend Insights
UPS has a dividend payout ratio of 50.3%, which means that the Company spends approximately $0.50 for dividend distribution out of every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.
According to analysts’ estimates, UPS is forecasted to report earnings of $7.88 per share for the next year, which is more than double compared to the Company’s annualized dividend of $3.64 per share.
As of March 31, 2018, UPS’ cash and marketable securities totaled $4.21 billion compared to $4.07 billion as on December 31, 2017. For the three months ended March 31, 2018, the Company’s cash flow from Operations of $4.1 billion resulted in free cash flow of $2.6 billion. The Company’s strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.
Recent Development for UPS
On May 10, 2018, shareowners of UPS elected a Board of Directors for a one-year term and ratified the appointment of Deloitte & Touche LLP as the Company’s independent registered public accountants. Thirteen directors stood for election to the Board, and all were elected by wide margins.
UPS’ shareowners also approved the 2018 omnibus incentive compensation plan, which is intended to optimize UPS’ profitability and growth through annual and long-term incentives that are consistent with the Company’s goals.
About United Parcel Service, Inc.
UPS is a global leader in logistics, offering a broad range of solutions including transporting packages and freight; facilitating international trade, and deploying advanced technology to more efficiently manage the world of business.
Headquartered in Atlanta, UPS serves more than 220 countries and territories worldwide.
Stock Performance Snapshot
May 16, 2018 – At Wednesday’s closing bell, United Parcel Service’s stock slightly advanced 0.61%, ending the trading session at $116.32.
Volume traded for the day: 1.97 million shares.
Stock performance in the last month – up 6.21%; previous three-month period – up 9.12%; past six-month period – up 1.32%; and last twelve-month period – up 11.31%
After yesterday’s close, United Parcel Service’s market cap was at $96.69 billion.
Price to Earnings (P/E) ratio was at 20.99.
The stock has a dividend yield of 3.13%.
The stock is part of the Services sector, categorized under the Air Delivery & Freight Services industry. This sector was up 0.8% at the end of the session.
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