Surcharges add up for parcel shippers – and there may be more to come
UPS is hitting cargo owners with multiple surcharges in the run-up to the peak season ...
AMZN: APPEAL UPDATEDSV: PRESSURE BUILDS AAPL: OPENAI FUNDING INTERESTCHRW: ANOTHER INSIDER CASHES INHLAG: GRI DISCLOSUREMAERSK: HOVERING AROUND FOUR-MONTH LOWSTSLA: CHINA COMPETITIONDHL: BOLT-ON DEAL TALKAMZN: NEW ZEALAND PROJECTDHL: SURCHARGE RISKKNIN: LEGAL RISKF: 'DEI' HURDLESPLD: RATING UPDATEXOM: DISPOSALS
AMZN: APPEAL UPDATEDSV: PRESSURE BUILDS AAPL: OPENAI FUNDING INTERESTCHRW: ANOTHER INSIDER CASHES INHLAG: GRI DISCLOSUREMAERSK: HOVERING AROUND FOUR-MONTH LOWSTSLA: CHINA COMPETITIONDHL: BOLT-ON DEAL TALKAMZN: NEW ZEALAND PROJECTDHL: SURCHARGE RISKKNIN: LEGAL RISKF: 'DEI' HURDLESPLD: RATING UPDATEXOM: DISPOSALS
UPS announced this week” its regular quarterly dividend of $1.02 per share on all outstanding Class A and Class B shares”.
The dividend is payable on 8 December to shareholders of record on 22 November.
“Commitment to the dividend is one of UPS’s core principles and a hallmark of the company’s financial strength. UPS has either maintained or increased its dividend each year since going public in 1999,” the group said.
The dividend per share is unchanged from its previous quarterly announcement – if interested, its track record can be found here.
For the record, the stock soared on the release of upbeat Q3 21 numbers at the end of last month, but has since struggled to hold onto those gains.
It currently changes hands at $210.72 versus a record high of $220.24 on 26 October, when it its interims surprised the market while UPS raised guidance for certain key financial metrics related to its underlying profitability.
Forward yield: 1.94%.
The annual 2021 payout stands at about 28% based on forward EPS expectations of $14.2 and steady quarterly $1.02 DPS in Q4 21.
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