#5 - United Parcel Service (NYSE:UPS)
A benefit to owning high-yield dividend stocks is that they don’t require you to engage in market timing. However, if you don’t have a position in United Parcel Service Inc. (NYSE: UPS), this is a time to pay attention.
At the time of this writing, UPS has just finished delivering its third quarter 2024 earnings report. It marked a return to profitability, as the company said it would. That has analysts beginning to upgrade their price targets for the stock, which could be a great entry point.
But even UPS has to admit that it’s still not firing on all cylinders. That could change, however, if the Federal Reserve continues to lower interest rates, which would increase package delivery during the most important time of the year for a company like UPS. And if you’ve been in UPS stock, you’re already familiar with a dividend with a 4.85% yield and increased for 15 consecutive years.
About United Parcel Service
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.
Read More - Current Price
- $125.68
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 14 Buy Ratings, 7 Hold Ratings, 2 Sell Ratings.
- Consensus Price Target
- $151.29 (20.4% Upside)
