Key Takeaways UPS has a high 84% payout ratio, raising concerns over long-term dividend sustainability Free cash flow dropped to $6.3B in 2024, slightly above the$5.4B in dividend payments. UPS shares have declined 21.5% in six months and trade at a lower P/E than EXPD and WAB.United Parcel Service (UPS) has long been a reliable dividend stock in the Zacks Transportation sector. With a current yield of 6.7% and a five-year dividend growth rate of 14%, its payouts are no doubt appealing. However, there ar ...