Thursday, February 13, the Board of Directors of United Parcel Service Inc. announced a quarterly dividend increase from $ 0.96 to $ 1.01 per share that’s payable March 10, 2020 to holders of record February 25, 2020. This represents a 5.21% increase to the last quarterly dividend.
For nearly 50 years, UPS has either increased or
maintained its dividend. Since 2000, UPS’s dividend has more than quadrupled.
With current price $ 105.95 (Friday's close), this raise
brings their dividend yield to 3.81 %.
Since I own 30 shares of UPS, this will increase my
portfolio's projected annual net dividend income by $ 4.47.
This increase raises my YOC to 3.83%.
Summary of 2020 Dividend Increases / Cuts
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