UPS said it took the step “out of an abundance of caution” and on the recommendation of the jet's manufacturer.
Given the risk of a dividend cut and weak fundamentals, UPS's current valuation is unattractive; investors should proceed with caution. UPS's capital allocation is strained, with dividends and buybacks exceeding free cash flow, risking long-term balance sheet health. Revenue and volume declines limit UPS's ability to drive future cash flow growth despite aggressive cost-cutting.
Zacks.com users have recently been watching UPS (UPS) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
The MD-11 is an old workhorse for FedEx and UPS that has been getting phased out.
A UPS wide-body cargo plane crashed on Tuesday and erupted into a fireball moments after takeoff from the international airport in Louisville, Kentucky, killing seven, including all three aboard, and injuring 11 on the ground, officials said.
The Federal Aviation Administration tweeted that UPS Flight 2976, en route to Honolulu, crashed around 5:15 p.m. EST.
A Honolulu-bound aircraft with three crew members onboard exploded while taking off, the company said.
A UPS plane has crashed near the Louisville airport shortly after takeoff, according to the FAA. UPS Flight 2976 crashed around 5:15 p.m.
A UPS plane crashed on Tuesday around 5:15 p.m. local time after departing from Louisville, Kentucky, the FAA said.
In trading on Monday, shares of United Parcel Service were yielding above the 7% mark based on its quarterly dividend (annualized to $6.56), with the stock changing hands as low as $93.59 on the day. Dividends are particularly important for investors to consider, because historically speaking dividends have provided a considerable share of the stock market's total return.
United Parcel Service (NYSE: UPS) shares closed Friday at $96.42, but the real story isn't the recovery.
Amazon's plans to discard at least 14,000 employees and the elimination of 48,000 jobs at UPS suggest layoffs in the U.S. are on the rise, but there's just one problem: There's little evidence to support it.