UPS shares fell by 3.5% by 1 p.m. today. This drop happened alongside a general decline in the market, but negative news from Delta Air Lines may have also influenced UPS's performance.
United Parcel Service (NYSE:UPS) is a strong company that pays dividends. Today, on March 6, it distributed a quarterly dividend of $1.64 for each share to its shareholders.
United Parcel Service (UPS) finished the last trading day at $119.02, which is an increase of 1.91% compared to the day before.
The well-known shipping company might be making a positive change.
UPS was previously seen as a reliable blue chip stock for those looking for income. As one of the biggest shipping companies globally, it has been part of the S&P 500 for 23 years and has increased its dividend every year for 16 years in a row.
United Parcel Service (UPS 1.19%) shared positive news with investors when it announced its fourth-quarter 2024 earnings at the end of January. However, it also delivered some information that might be viewed negatively by investors.
Challenges such as low demand, high inflation, and global issues are negatively impacting the Zacks Transportation Air Freight & Cargo sector. However, FDX and ATSG are expected to perform better than others.
In the latest trading session, United Parcel Service (UPS) finished at $116.89, showing a decrease of 1.03% compared to the day before.
UPS has recently stated that it will depend less on Amazon for its deliveries in the future.
United Parcel Service, commonly referred to as UPS, has been trying to improve its situation. Although Wall Street has not been very impressed with its progress, the company started to show significant improvement in the latter half of 2024.