UPS - This Dividend Stock Yields 4.4% and Has 15 Consecutive Years of Dividend Increases. Here's Why It's a Buy Now
2024-05-04 11:02:00 ET
There are plenty of high-yield dividend stocks backed by weak businesses. There are also numerous great companies with decades of dividend increases and mediocre yields. Finding a company with a high yield and a track record of increasing its payout -- now that's an opportunity worth exploring.
When a reliable dividend stock also has a high yield, it's typically because payouts have grown faster than the stock price. That's exactly what has been happening with United Parcel Service (NYSE: UPS) , which is down over 30% in the last three years compared to a 60% increase in the dividend.
UPS has its challenges, but the beaten-down company is too good to pass up. Here's why.
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This Dividend Stock Yields 4.4% and Has 15 Consecutive Years of Dividend Increases. Here's Why It's a Buy Now