UPS Remains On Our Dividend Growth Watch List | Seeking Alpha United Parcel Service earns a ValueCreation™ rating of EXCELLENT, the highest possible mark on our scale. The firm has been generating economic value for shareholders for the past few years, a track record we view very positively. We expect the firm's return on invested capital (excluding goodwill) to expand to 28.2% from 21.3% during the next two years. The firm sports a very nice dividend yield of 2.8%. We expect the firm to pay out about 48% of next year's earnings to shareholders as dividends. UPS is on the watch list contained in our monthly Dividend Growth Newsletter.