What To Know Before Buying United Parcel Service, Inc. (NYSE:UPS) For Its Dividend - Yahoo Is United Parcel Service, Inc. (NYSE:UPS) a good dividend stock? How can we tell? Dividend paying companies with growing earnings can be highly rewarding in the long term. Unfortunately, it's common for investors to be enticed in by the seemingly attractive yield, and lose money when the company has to cut its dividend payments. A high yield and a long history of paying dividends is an appealing combination for United Parcel Service. It would not be a surprise to discover that many investors buy it for the dividends. The company also bought back stock equivalent to around 0.8% of market capitalisation this year. There are a few simple ways to reduce the risks of buying United Parcel Service for its dividend, and we'll go through these.