UPS - How Much Will United Parcel Service Pay Out in Dividends This Year?
2024-06-02 07:30:00 ET
Logistics stalwart United Parcel Service (NYSE: UPS) is a name that investors follow closely thanks to the growth of e-commerce. Its allure, however, transcends its premier logistics company status as it has been steadily growing its robust dividend for 15 years -- an encouraging sign for those looking to supplement their passive income streams.
But smart investors know that while the stock's high-yield dividend -- currently 4.7% -- is enticing, it's important to see if the hefty payout is jeopardizing the company's financial well-being. With this in mind, let's see how much UPS plans on paying out in dividends in 2024 to better evaluate the company's financial health.
While its history stretches back to 1907, UPS has a much more abbreviated history rewarding shareholders with a dividend, It started to make distributions in 1999. After occasional periods of maintaining the same dividend amount from year to year, UPS began a 15-year stretch -- one that is still running -- of making increasingly larger dividend payments.
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How Much Will United Parcel Service Pay Out in Dividends This Year?