United Parcel Service Is Trading At A Discount And The Yield Is 4% - Seeking Alpha Summary United Parcel Service is trading at a discount to its 10-year historical multiple and the broader market's valuation. Poor recent results, tariffs and trade wars and the emergence off new competition are affecting the stock price. The current dividend yield is ~4% and the payout ratio is only ~53% indicating that the dividend is covered. The dividend has grown for 20 straight years and the company should eventually become a Dividend Aristocrat. UPS has growth initiatives and is investing to improve efficiencies.