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UPS Stock Should Continue to Grace Your Portfolio: Here's Why
GATXGATX(GATX) Zacks Investment Research·2024-03-06 22:36

United Parcel Service (UPS) gains momentum from e-commerce growth and shareholder rewards. However, elevated labor costs and weakened demand impact stock performance.Factors Favoring UPSUPS demonstrates financial strength with a robust 5.3billionfreecashflowin2023.Shareholderfriendlyactions,includinga15thconsecutiveannualdividendincreaseanda5.3 billion free cash flow in 2023. Shareholder-friendly actions, including a 15th consecutive annual dividend increase and a 5 billion share repurchase authorization, bode well. In 2024, UPS’ board of directors raised its quarterly cash dividend to $1.63 per share. For the ...