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.
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Source Fool.com
United Parcel Service Inc. Stock
€119.08
0.220%
With 19 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
As a result the target price of 157 € shows a positive potential of 31.84% compared to the current price of 119.08 € for United Parcel Service Inc..
