Workflow
Should You Buy This 5.1%-Yielding Dividend Stock at a 4-Year Low?
UPSUPS(UPS) The Motley Fool·2024-07-28 12:44

UPS' historically high yield is a compelling passive income opportunity.United Parcel Service (UPS 1.38%) 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 ...