On August 4th I initiated my position in United Parcel Service (UPS) as follows.
- # of shares 20
- Average cost per share $111.239
- YOC 3.0%
- Expected gross dividends a year $66.40
- Dividend Payment Month March, May, August, November
I loved the fact that they have raised their dividend at 8.45% per year on average for the past five years and 3% yield.
I don’t think their industry is no longer very cyclical as we as consumers depend more on e-commerce.
Disclosure: Long UPS