Worried About a Market Crash? Buy This Dividend Stock
Share prices of United Parcel Service (NYSE: UPS) slid over 10% last week due to fears of slowing growth. While it's true that the transportation company is facing delivery volumes challenges, its top and bottom line don't seem phased.
At the end of the day, UPS's success isn't about the number of packages it delivers. It's about the revenue it generates, the profit margins it can get from that revenue, spending capital efficiently to grow the business, and generating consistently strong free cash flow (FCF). Its first-half results prove that the company is doing all of those things quite well. Here's a breakdown of why UPS is a great dividend stock to buy now, even if the market crashes.
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Source Fool.com
