This Dividend Stock Yields 4.4% and Has 15 Consecutive Years of Dividend Increases. Here's Why It's a Buy Now
There are plenty of high-yield dividend stocks backed by weak businesses. There are also numerous great companies with decades of dividend increases and mediocre yields. Finding a company with a high yield and a track record of increasing its payout -- now that's an opportunity worth exploring.
When a reliable dividend stock also has a high yield, it's typically because payouts have grown faster than the stock price. That's exactly what has been happening with United Parcel Service (NYSE: UPS), which is down over 30% in the last three years compared to a 60% increase in the dividend.
UPS has its challenges, but the beaten-down company is too good to pass up. Here's why.
Source Fool.com
United Parcel Service Inc. Stock
€127.54
-0.900%
With 13 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
As a result the target price of 162 € shows a positive potential of 27.02% compared to the current price of 127.54 € for United Parcel Service Inc..
