At a 52-Week Low, This Underappreciated High-Yield Dividend Stock Can Provide Passive Income for a Lifetime
United Parcel Service (NYSE: UPS) stock has been hit hard in 2023 and is now down over 20% year to date following its third-quarter results which fell short of expectations. The sell-off has been particularly brutal within the context of UPS' historic run. On Jan. 7, 2022, UPS reached an all-time intraday high of $219.45. And now less than two years later, UPS stock finds itself down over 40% from that high.
Here's why UPS stock is out of favor, the reasons behind its weak performance, why UPS ultimately has what it takes to be an excellent source of passive income, and why now is a good time to buy this reliable dividend stock.
The outbreak of the COVID-19 pandemic weakened business-to-business deliveries. But it was a boon for business-to-consumer deliveries as folks were stuck at home and consumer spending soared.
Source Fool.com
United Parcel Service Inc. Aktie
Mit 19 Buy-Einschätzungen und nur 1 Sell-Einschätzungen steht die Community der Aktie positiv gegenüber.
Das Kursziel von 157 € für United Parcel Service Inc. signalisiert eine mögliche Steigerung von über 20% gegenüber 113.9 €.
