Should You Buy This 5.1%-Yielding Dividend Stock at a 4-Year Low?
United Parcel Service (NYSE: UPS) plummeted over 12% on Tuesday in response to worse-than-expected second-quarter 2024 earnings and weak guidance. Even after a late-week recovery, the shipping giant's stock is treading water around a four-year low. The sell-off, combined with sizable dividend raises in recent years, has pushed UPS' yield above 5%, the highest in company history.
Here's what's driving the sell-off, and why now could be a good time to scoop up shares of the dividend stock.
Image source: Getty Images.
Source Fool.com
United Parcel Service Inc. Aktie
114,66 €
0,05 %
Positive Stimmung für United Parcel Service Inc. mit mehreren Buy- gegenüber Sell-Einschätzungen.
Ein prognostiziertes Kursziel von 157 € für United Parcel Service Inc. zeigt ein Potenzial von über 20% im Vergleich zum aktuellen Kurs von 114.66 €.
