Top picks 2013: United Parcel Service

Discussion in 'The Latest UPS Headlines' started by cheryl, Jan 4, 2013.

  1. cheryl

    cheryl I started this. Staff Member

    Top picks 2013: United Parcel Service - MSN Money

    The package shipping company could deliver strong gains in the year ahead.

    Year-to-date in 2012, UPS has generated free cash flow in excess of $3.6 billion. The company repurchased 18.5 million shares for approximately $1.4 billion at an average price of $75.68 per share and paid dividends totaling $1.6 billion, a 10% increase over the prior year.

    The Big Brown dividend currently delivers a solid 3.1% yield. The company ended the third quarter of 2012 with $9 billion in cash and marketable securities, which will be used to fund the acquisition of TNT Express, which management expects to close in early 2013, along with debt repayment.