United Parcel Service, Inc. (UPS) Dividend History
Income profile from 1999 to 2026 with payout safety and yield-on-cost trend
UPS Dividend Income Check
Safety
96.9% payout ratio with at risk safety profile.
Consistency
16 straight years of dividend increases.
Income Trend
Yield on cost is 4.0% and trend is rising.
UPS Dividend Scorecard
Yield & Income
Payout Safety
Growth
Total Returns
Uses precomputed total return metrics from screening data (not lot-by-lot dividend reinvestment transactions). Different time windows can produce different outcomes depending on market regime and entry point.
UPS Income Growth Story
Dividend per share and yield on cost over time (28 years of payments)
UPS Dividend Safety Story
EPS is the container — dividend is what's drawn out
Dividend Analysis
Payout Safety
United Parcel Service, Inc. distributes 96.9% of earnings as dividends (At Risk). When measured against free cash flow—a stricter test—the payout ratio stands at 119.5%, rated "Stretched".
Piotroski F-Score: 5/9 — moderate financial health.
Growth Track Record
UPS has raised its dividend for 16 consecutive years, with a 3-year CAGR of 2.6% and 5-year CAGR of 10.2%.
Total Shareholder Returns
Beyond cash dividends, UPS returns capital through share repurchases. The combined picture: 6.4% dividend yield, 1.2% buyback yield, 7.5% total shareholder yield.
Income Trend & Total Return
Yield on cost (5-year basis) has reached 4.0% and is currently rising. The 5-year total return is -40.1%, with dividends contributing 14.1% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $14,354 today.
UPS Recent Dividend Payments
Last 20 payments · Annual
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| Feb 17, 2026Latest | $1.6400 | — | 5.68% | Mar 5, 2026 |
| Nov 17, 2025 | $1.6400 | — | 6.96% | Dec 4, 2025 |
| Aug 18, 2025 | $1.6400 | — | 7.57% | Sep 4, 2025 |
| May 19, 2025 | $1.6400 | — | 6.60% | Jun 5, 2025 |
| Feb 18, 2025 | $1.6400 | ↑ +0.6% | 5.66% | Mar 6, 2025 |
| Nov 18, 2024 | $1.6300 | — | 4.82% | Dec 5, 2024 |
| Aug 19, 2024 | $1.6300 | — | 5.05% | Sep 5, 2024 |
| May 10, 2024 | $1.6300 | — | 4.41% | May 30, 2024 |
UPS Dividend vs Peers
Comparable companies in the same industry
UPS Annual Dividend History (1998–2026)
29 years of dividend data
| Year | DPS | YoY | Pmts | EPS | Payout | Coverage | YOC |
|---|---|---|---|---|---|---|---|
| 2026YTD | $1.64 | — | 1 | — | — | — | 1.0% |
| 2025 | $6.56 | 0.6% | 4 | $6.56 | 100.0% | 1.00x | 4.0% |
| 2024 | $6.52 | 0.6% | 4 | $6.76 | 96.4% | 1.04x | 4.0% |
| 2023 | $6.48 | 6.6% | 4 | $7.80 | 83.1% | 1.20x | 4.0% |
| 2022 | $6.08 | 49.0% | 4 | $13.20 | 46.1% | 2.17x | 3.7% |
| 2021 | $4.08 | 1.0% | 4 | $14.68 | 27.8% | 3.60x | 2.5% |
| 2020 | $4.04 | 5.2% | 4 | $1.54 | 262.3% | 0.38x | 2.5% |
| 2019 | $3.84 | 5.5% | 4 | $5.11 | 75.1% | 1.33x | 2.3% |
| 2018 | $3.64 | 9.6% | 4 | $5.51 | 66.1% | 1.51x | 2.2% |
| 2017 | $3.32 | 6.4% | 4 | $5.61 | 59.2% | 1.69x | 2.0% |
Full UPS Stock Analysis
Analyst consensus, bull case, AI-generated risk factors, and peer comparison — all in one place.
See UPS's True Return
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Start ComparisonUPS — Frequently Asked Questions
Quick answers to the most common questions about buying UPS stock.
How much dividend does UPS pay per share?
United Parcel Service, Inc. (UPS) pays a trailing 12-month dividend of $6.35 per share, with a current dividend yield of +6.4%. Payments are made Annual.
When is UPS's next ex-dividend date?
UPS's most recent ex-dividend date is N/A. You must own shares before the ex-dividend date to receive the next payment. UPS typically pays dividends Annual.
Is UPS's dividend safe?
UPS's dividend safety is rated "At Risk" based on an earnings payout ratio of +96.9% and FCF payout ratio of +119.5%. With 16 consecutive years of dividend growth, the track record supports sustainability.
Is UPS a Dividend Achiever?
Yes, United Parcel Service, Inc. is classified as a Dividend Achiever with 16 consecutive years of dividend increases. The 5-year dividend CAGR is +10.2%, demonstrating above-inflation dividend growth.
How often does UPS pay dividends?
United Parcel Service, Inc. pays dividends Annual. The trailing 12-month total is $6.35 per share. Dividend data on this page covers 27+ years from 1999 to 2026.
How much would $10,000 invested in UPS grow with dividend reinvestment?
With dividends reinvested (DRIP), $10,000 invested in UPS five years ago would be worth approximately $5,986 today. This includes both price appreciation and compounded dividend reinvestment. Use the DRIP calculator above for other time periods.
What is UPS's yield on cost for long-term holders?
UPS's yield on cost — the current dividend divided by the original purchase price — is +4.0% for a 5-year holding period. This means long-term holders earn a higher effective yield than today's +6.4% market yield, thanks to consistent dividend growth.