This Red-Hot Value Stock Just Raised Its Dividend by 49%
There are a lot of valid excuses a company can make for poor results: the ongoing COVID-19 pandemic, rising interest rates, inflation, a tight labor market, supply-chain constraints, etc. United Parcel Service (NYSE: UPS) continues to acknowledge these challenges and posts monster results, anyway.
UPS shares hit a fresh all-time high earlier this week after the company reported record Q4 and full-year results. The company also issued a 49% increase to its dividend. The Q1 2022 dividend of $1.52 per share is payable on March 10, 2022 to shareholders of record on Feb 22, 2022.
Here's what makes the company's dividend raise unique and how its banner year paves the way for future dividend raises.
Source Fool.com
