United Parcel Service, Inc. (NYSE:UPS) Looks Interesting, And It's About To Pay A Dividend - Simply Wall St.
Readers hoping to buy United Parcel Service, Inc. (NYSE:UPS) for its dividend will need to make their move shortly, as the stock is about to trade ex-dividend. The ex-dividend date is one business day before a company's record date, which is the date on which the company determines which shareholders are entitled to receive a dividend. The ex-dividend date is of consequence because whenever a stock is bought or sold, the trade takes at least two business day to settle. This means that investors who purchase United Parcel Service's shares on or after the 18th of February will not receive the dividend, which will be paid on the 10th of March.
The company's next dividend payment will be US$1.52 per share, on the back of last year when the company paid a total of US$6.08 to shareholders. Calculating the last year's worth of payments shows that United Parcel Service has a trailing yield of 2.8% on the current share price of $213.49. Dividends are an important source of income to many shareholders, but the health of the business is crucial to maintaining those dividends. We need to see whether the dividend is covered by earnings and if it's growing.
Readers hoping to buy United Parcel Service, Inc. (NYSE:UPS) for its dividend will need to make their move shortly, as the stock is about to trade ex-dividend. The ex-dividend date is one business day before a company's record date, which is the date on which the company determines which shareholders are entitled to receive a dividend. The ex-dividend date is of consequence because whenever a stock is bought or sold, the trade takes at least two business day to settle. This means that investors who purchase United Parcel Service's shares on or after the 18th of February will not receive the dividend, which will be paid on the 10th of March.
The company's next dividend payment will be US$1.52 per share, on the back of last year when the company paid a total of US$6.08 to shareholders. Calculating the last year's worth of payments shows that United Parcel Service has a trailing yield of 2.8% on the current share price of $213.49. Dividends are an important source of income to many shareholders, but the health of the business is crucial to maintaining those dividends. We need to see whether the dividend is covered by earnings and if it's growing.
