I was wondering is it worth me putting more money in ups stock since its sliding and i can put that money toward others stock. I am putting in about $50 a week towards it, and i was wondering if its worth it?
You’re right. I did not mention the dividend.Many have mentioned UPS is not much of a money maker.
While the stock does not have much volatility in price, it has been a consistent dividend growth play.
You get paid a quarterly dividend from them, which has doubled over the last 10 years. That, right there, is where you "make your money" with this stock.
Although not listed in the Dow 30, it acts very much like a Dow 30 stock.
I reinvest all the dividends.Do you all reinvest the dividend? I like having some real $$$ come back to me. Whats the growth like on a dividend that gets reinvested? Has anyone ever done a breakdown?
100 shares will pay out $100 each quarter, which buys about one more share, which also has a dividend. At which point does it really sky rocket in your favor?
I've only added
Wrong. You have to pay taxes on the dividends either way.Reinvesting the dividend makes it grow, because you end up with more stock (assuming the stock price stays the same or increases). You also do not immediately pay taxes on this DRIP reinvestment.
If you take the dividend as a quarterly check, you will need to pay taxes on your dividend income.