Is United Parcel Service (UPS) the Best Dividend Stock in the Industrial Sector?
The shipping courier finally looks like a compelling income play again.
Overview
UPS (NYSE: UPS), one of the world's largest shipping couriers, trades at just 14 times forward earnings and pays a forward dividend yield of 6.4%. Does that make it the best dividend stock in the industrial sector right now, or does it face too many unpredictable headwinds?
Image source: UPS.
UPS' stock has risen about 26% over the past 12 months. But it remains 44% below its all-time high of $192.88, which it reached on Feb. 2, 2022.
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Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.