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Here's What We Like About United Parcel Service's (NYSE:UPS) Upcoming Dividend - Simply Wall StreetUnited Parcel Service, Inc. (NYSE:UPS) stock is about to trade ex-dividend in three days. The ex-dividend date occurs one day before the record date which is the day on which shareholders need to be on the company's books in order to receive a dividend. The ex-dividend date is important as the process of settlement involves two full business days. So if you miss that date, you would not show up on the company's books on the record date. Accordingly, United Parcel Service investors that purchase the stock on or after the 13th of May will not receive the dividend, which will be paid on the 2nd of June.
The company's next dividend payment will be US$1.52 per share, and in the last 12 months, the company paid a total of US$6.08 per share. Based on the last year's worth of payments, United Parcel Service stock has a trailing yield of around 3.4% on the current share price of $179.92. Dividends are an important source of income to many shareholders, but the health of the business is crucial to maintaining those dividends. As a result, readers should always check whether United Parcel Service has been able to grow its dividends, or if the dividend might be cut.