United Parcel Service, Inc.
UPSIndustrials · Integrated Freight & Logistics · Stock · quarterly payer
Forward Yield
6.54%
Annual Dividend
$6.56
Payout Ratio
122%
5-Yr Growth
10.2%
Ex-Date
Aug 17, 2026
Frequency
Quarterly
Key facts about UPS's dividend
Data as of · Source: SmarterDividends data
- As of Oct 27, 2026, United Parcel Service, Inc. (UPS) has a forward dividend yield of 6.54%, based on an annual dividend of $6.56 per share and a share price of $100.32.
- As of Oct 27, 2026, UPS's dividend safety grade from SmarterDividends is A (81 out of 100), which rates the dividend as very safe.
- By SmarterDividends' count, United Parcel Service, Inc. (UPS) has raised its dividend for 16 consecutive years as of Oct 27, 2026.
- UPS has never cut its regular dividend in the payment history SmarterDividends has on record.
- UPS's most recent ex-dividend date was Aug 17, 2026, for a dividend of $1.64 per share.
- As of Oct 27, 2026, UPS pays out 122% of its trailing 12-month earnings as dividends (its payout ratio).
- UPS's dividend has grown at an average rate of 10.2% a year over the past five years.
- As of Oct 27, 2026, UPS's 6.54% yield is 59% above its five-year average yield of 4.11%.
- As of Oct 27, 2026, SmarterDividends' blended fair-value estimate for UPS is $112.73 per share, 12% above the $100.32 share price, so UPS screens as fairly valued.
- United Parcel Service, Inc. (UPS) pays its dividend quarterly, 4 times a year.
- United Parcel Service, Inc. (UPS) has raised its regular dividend 24 times and cut it 0 times across the 108 payments on record since 1999. Its most recent change was a 0.6% increase to $1.64 per share, going ex-dividend on Feb 18, 2025.
- UPS (UPS) has declared its first higher dividend of the year in February in 3 of the last 5 years; its most recent raise, 0.6%, was declared on Feb 5, 2025.
Cite this page
SmarterDividends, "UPS Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 27, 2026, https://smarterdividends.com/stocks/UPS
Summary
As of Oct 27, 2026, United Parcel Service, Inc. (UPS) yields 6.54% ($6.56 a year per share), has a dividend safety grade of A (81/100) and has 16 consecutive years of dividend increases on record.
Is UPS a good dividend stock?
YesUnited Parcel Service, Inc. (UPS) pays a quarterly dividend yielding 6.54% ($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
- 6.54%
- 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
- 1.05
- Market Cap
- $85.4B
- P/E Ratio
- 18.6
- 5-Yr Total Return
- -49%
- 52-Week Range
- $88.22 – $122.41
- Dividend Safety
- A · 81/100
- Ever Cut?
- No
UPS dividend raises and cuts
United Parcel Service, Inc. (UPS) has raised its regular dividend 24 times and cut it 0 times across the 108 payments on record since 1999. Its most recent change was a 0.6% increase to $1.64 per share, going ex-dividend on Feb 18, 2025.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Feb 18, 2025 | Raise | $1.63 → $1.64 | +0.6% |
| Feb 16, 2024 | Raise | $1.62 → $1.63 | +0.6% |
| Feb 17, 2023 | Raise | $1.52 → $1.62 | +6.6% |
| Feb 18, 2022 | Raise | $1.02 → $1.52 | +49.0% |
| Feb 19, 2021 | Raise | $1.01 → $1.02 | +1.0% |
| Feb 24, 2020 | Raise | $0.960 → $1.01 | +5.2% |
| Feb 25, 2019 | Raise | $0.910 → $0.960 | +5.5% |
| Feb 16, 2018 | Raise | $0.830 → $0.910 | +9.6% |
| Feb 16, 2017 | Raise | $0.780 → $0.830 | +6.4% |
| Feb 18, 2016 | Raise | $0.730 → $0.780 | +6.8% |
| Feb 19, 2015 | Raise | $0.670 → $0.730 | +9.0% |
| Feb 20, 2014 | Raise | $0.620 → $0.670 | +8.1% |
Show all 24 changes since 2001
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Feb 21, 2013 | Raise | $0.570 → $0.620 | +8.8% |
| Feb 16, 2012 | Raise | $0.520 → $0.570 | +9.6% |
| Feb 10, 2011 | Raise | $0.470 → $0.520 | +10.6% |
| Feb 11, 2010 | Raise | $0.450 → $0.470 | +4.4% |
| Feb 7, 2008 | Raise | $0.420 → $0.450 | +7.1% |
| Feb 15, 2007 | Raise | $0.380 → $0.420 | +10.5% |
| Feb 16, 2006 | Raise | $0.330 → $0.380 | +15.2% |
| Feb 17, 2005 | Raise | $0.280 → $0.330 | +17.9% |
| Feb 19, 2004 | Raise | $0.250 → $0.280 | +12.0% |
| Aug 21, 2003 | Raise | $0.210 → $0.250 | +19.0% |
| Feb 20, 2003 | Raise | $0.190 → $0.210 | +10.5% |
| Feb 22, 2001 | Raise | $0.170 → $0.190 | +11.8% |
Frequently Asked Questions
Is UPS a good dividend stock?
Yes. United Parcel Service, Inc. (UPS) pays a quarterly dividend yielding 6.54% ($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.
Is UPS undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, UPS's fair value is about $112.73 versus a $100.32 share price — so it looks fairly valued (+12% vs. fair value).
Is UPS's dividend safe?
UPS has a dividend-safety grade of A (81/100), based on its payout coverage, free-cash-flow, 16-year growth streak, a clean no-cut history, debt and yield-versus-history.
What is UPS's fair value?
Our blended fair-value estimate for UPS is about $112.73 per share, roughly 12% above the current $100.32 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is UPS a buy, hold, or sell?
We don't issue formal ratings, but on the data UPS screens as "yes" and fairly valued. United Parcel Service, Inc. (UPS) pays a quarterly dividend yielding 6.54% ($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. This is research for your own analysis, not investment advice.
Will UPS cut its dividend?
UPS earns a dividend-safety grade of A (81/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does UPS pay a dividend?
Yes. United Parcel Service, Inc. pays a quarterly dividend of about $6.56 per share annually, a forward yield of roughly 6.54%.
What is UPS's dividend yield?
As of Oct 27, 2026, UPS's forward dividend yield is 6.54%, based on a $6.56 annual dividend and a $100.32 share price.
What is UPS's dividend per share?
As of Oct 27, 2026, UPS pays $6.56 per share per year, distributed on a quarterly basis.
What is UPS's dividend payout ratio?
As of Oct 27, 2026, UPS's payout ratio is 122% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.
How many years has UPS grown its dividend?
As of Oct 27, 2026, UPS has increased its dividend for 16 consecutive years.
When is the next UPS ex-dividend date?
As of Oct 27, 2026, UPS's next ex-dividend date hasn't been announced. The most recent was Aug 17, 2026, for $1.64 per share.
UPS Price — Last 12 Months
Daily close
Price Return
1 Year
+6%
3 Years
-33%
5 Years
-49%
52-Week Range
$88.22 – $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 $112.73 per share, versus a market price of $100.32. That implies the stock is roughly fairly priced.
Fair Value
$112.73
Current Price
$100.32
Gap
+12%
Margin of Safety
11%
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 6.9% annual free-cash-flow growth. We model 7.3% — below our estimate, leaving room for upside if the business executes.
Assumptions: 9.5% discount rate (CAPM), 7.3% growth for five years fading to 2.5% over the next five, $5.38 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
Full UPS dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 17, 2026 | Sep 3, 2026 | $1.6400 | regular |
| May 18, 2026 | Jun 4, 2026 | $1.6400 | regular |
| Feb 17, 2026 | Mar 5, 2026 | $1.6400 | regular |
| Nov 17, 2025 | Dec 4, 2025 | $1.6400 | regular |
| Aug 18, 2025 | Sep 4, 2025 | $1.6400 | regular |
| May 19, 2025 | Jun 5, 2025 | $1.6400 | regular |
| Feb 18, 2025 | Mar 6, 2025 | $1.6400 | regular |
| Nov 18, 2024 | Dec 5, 2024 | $1.6300 | regular |
| Aug 19, 2024 | Sep 5, 2024 | $1.6300 | regular |
| May 10, 2024 | May 30, 2024 | $1.6300 | regular |
| Feb 16, 2024 | Mar 8, 2024 | $1.6300 | regular |
| Nov 10, 2023 | Nov 30, 2023 | $1.6200 | regular |
| Aug 11, 2023 | Aug 31, 2023 | $1.6200 | regular |
| May 12, 2023 | Jun 1, 2023 | $1.6200 | regular |
Income Calculator
At $6.56 / yr per share
Similar Dividend Stocks
Compare UPS
Explore more
Lists and tools related to UPS
- Does UPS pay dividends? →
- Companies that raise dividends in February →
- Stocks that pay dividends in December →
- Safest dividend stocks →
- Industrials dividend stocks →
- UPS dividend calculator →
- UPS DRIP calculator →
- UPS: last day to buy for the dividend →
- Embed UPS dividend data on your site →
- Dividend increases & cuts this week →
- Dividend calendar →
- Dividend calculator →
- Dividend income calculator →
- DRIP calculator →
- Latest dividend cuts →
- Dividend cuts this month (research note) →
- Dividend increases this month (research note) →
- Safety score track record →
- Dividend screener →
- Dividend history lookup →
- Guide: what is a good dividend yield? →
- Guide: how to value a dividend stock →