United Parcel Service, Inc.
UPSIndustrials · Stock · quarterly payer
Forward Yield
6.37%
Annual Dividend
$6.56
Payout Ratio
122%
5-Yr Growth
10.2%
Ex-Date
Aug 17, 2026
Frequency
Quarterly
Summary
As of September 2026, United Parcel Service, Inc. (UPS) yields 6.37% ($6.56 per share annually), with a blended fair-value estimate of $111.17 — +6% upside, so it screens as fairly valued. Dividend safety grade: A (81/100). 16 years of dividend growth.
Is UPS a good dividend stock?
YesUnited Parcel Service, Inc. (UPS) pays a quarterly dividend yielding 6.37% ($6.56/yr), with 16 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- 16 consecutive years of dividend growth
- Never cut its dividend on record
- Strong 10.2% 5-yr dividend growth
- Top-tier dividend safety score
Risks
- Elevated payout ratio (122%)
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 6.37%
- Payout Ratio
- 122%
- Annual Dividend
- $6.56
- 5-Yr Avg Growth
- 10.2%
- Ex-Dividend Date
- Aug 17, 2026
- Years of Growth
- 16
- Frequency
- quarterly
- Beta
- 1.04
- Market Cap
- $88.1B
- P/E Ratio
- 19.2
- 5-Yr Total Return
- -42%
- 52-Week Range
- $82.00 – $122.41
- Dividend Safety
- A · 81/100
- Ever Cut?
- No
Frequently Asked Questions
UPS Price — Last 12 Months
Daily close
Price Return
1 Year
+26%
3 Years
-32%
5 Years
-42%
52-Week Range
$82.00 – $122.41
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is UPS worth?
Fairly valuedhigh confidenceOur blended fair-value estimate for United Parcel Service, Inc. is $111.17 per share, versus a market price of $105.33. That implies the stock is roughly fairly priced.
Fair Value
$111.17
Current Price
$105.33
Gap
+6%
Margin of Safety
5%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 9.0% annual free-cash-flow growth. We model 7.9% — so the price already assumes faster growth than we think is likely.
Assumptions: 9.5% discount rate (CAPM), 7.9% stage-1 growth, 2.5% terminal growth, $5.36 EPS, $6.56 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
UPS Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 17, 2026 | — | $1.6400 | regular |
| May 18, 2026 | — | $1.6400 | regular |
| Feb 17, 2026 | — | $1.6400 | regular |
| Nov 17, 2025 | — | $1.6400 | regular |
| Aug 18, 2025 | — | $1.6400 | regular |
| May 19, 2025 | — | $1.6400 | regular |
| Feb 18, 2025 | — | $1.6400 | regular |
| Nov 18, 2024 | — | $1.6300 | regular |
| Aug 19, 2024 | — | $1.6300 | regular |
| May 10, 2024 | — | $1.6300 | regular |
| Feb 16, 2024 | — | $1.6300 | regular |
| Nov 10, 2023 | — | $1.6200 | regular |
| Aug 11, 2023 | — | $1.6200 | regular |
| May 12, 2023 | — | $1.6200 | regular |
Income Calculator
At $6.56 / yr per share
