United Parcel Service (UPS) Dividend History & Yield
Dividend ContenderUnited Parcel Service (UPS) has increased its dividend for 17 consecutive years and currently yields 6.63%. The most recent dividend was $1.6400/share on Mar 5, 2026, paid Quarterly.
Current Yield
6.63%
TTM Dividend/Share
$6.56
Payment Frequency
Quarterly
Payout Ratio
106.1%
Consecutive Growth Years
17 (Dividend Contender)
Div Growth (1Y CAGR)
0.61%
Div Growth (5Y CAGR)
10.18%
Div Growth (10Y CAGR)
8.43%
UPS: compare the "Now" marker to the 1Y / 3Y / 5Y averages on the scale. One valuation signal among many — review fundamentals before investing.
Dividend health
Chowder score
16.8%
FCF payout ratio
29.9%
Net debt / EBITDA
1.8x
Interest coverage
7.21x
ROIC (TTM)
13.6%
Dividend Safety Score
4 out of 8 checks passed
Payout ratio below 75%
Payout ratio is 106.1%, above the 75% threshold.
Free cash flow covers dividend
FCF/share ($5.61) does not fully cover dividend/share ($6.56).
No dividend cuts in 10+ years
No dividend cuts in the last 10 years.
Positive earnings growth trend
Earnings per share have declined over the past 5 years.
10+ years of consecutive growth
17 consecutive years of dividend growth.
FCF payout ratio below 70%
FCF payout ratio is 29.9%, below the 70% threshold.
Net Debt/EBITDA below 3x
Net Debt/EBITDA is 1.8x.
Dividend growth ≤ earnings growth (5Y)
Dividend growth (10.2%) exceeds EPS growth (-20.7%) — payout ratio expanding.
Per-payment dividend history
Ex-date May 18, 2026
- Payment date
- Jun 4, 2026
- Dividend
- $1.6400
- Adj. dividend
- $1.6400
Ex-date Feb 17, 2026
- Payment date
- Mar 5, 2026
- Dividend
- $1.6400
- Adj. dividend
- $1.6400
Ex-date Nov 17, 2025
- Payment date
- Dec 4, 2025
- Dividend
- $1.6400
- Adj. dividend
- $1.6400
Ex-date Aug 18, 2025
- Payment date
- Sep 4, 2025
- Dividend
- $1.6400
- Adj. dividend
- $1.6400
Ex-date May 19, 2025
- Payment date
- Jun 5, 2025
- Dividend
- $1.6400
- Adj. dividend
- $1.6400
Ex-date Feb 18, 2025
- Payment date
- Mar 6, 2025
- Dividend
- $1.6400
- Adj. dividend
- $1.6400
Ex-date Nov 18, 2024
- Payment date
- Dec 5, 2024
- Dividend
- $1.6300
- Adj. dividend
- $1.6300
Ex-date Aug 19, 2024
- Payment date
- Sep 5, 2024
- Dividend
- $1.6300
- Adj. dividend
- $1.6300
Ex-date May 10, 2024
- Payment date
- May 30, 2024
- Dividend
- $1.6300
- Adj. dividend
- $1.6300
Ex-date Feb 16, 2024
- Payment date
- Mar 8, 2024
- Dividend
- $1.6300
- Adj. dividend
- $1.6300
Ex-date Nov 10, 2023
- Payment date
- Nov 30, 2023
- Dividend
- $1.6200
- Adj. dividend
- $1.6200
Ex-date Aug 11, 2023
- Payment date
- Aug 31, 2023
- Dividend
- $1.6200
- Adj. dividend
- $1.6200
| Ex-Date | Payment Date | Dividend | Adj. Dividend |
|---|---|---|---|
| May 18, 2026 | Jun 4, 2026 | $1.6400 | $1.6400 |
| Feb 17, 2026 | Mar 5, 2026 | $1.6400 | $1.6400 |
| Nov 17, 2025 | Dec 4, 2025 | $1.6400 | $1.6400 |
| Aug 18, 2025 | Sep 4, 2025 | $1.6400 | $1.6400 |
| May 19, 2025 | Jun 5, 2025 | $1.6400 | $1.6400 |
| Feb 18, 2025 | Mar 6, 2025 | $1.6400 | $1.6400 |
| Nov 18, 2024 | Dec 5, 2024 | $1.6300 | $1.6300 |
| Aug 19, 2024 | Sep 5, 2024 | $1.6300 | $1.6300 |
| May 10, 2024 | May 30, 2024 | $1.6300 | $1.6300 |
| Feb 16, 2024 | Mar 8, 2024 | $1.6300 | $1.6300 |
| Nov 10, 2023 | Nov 30, 2023 | $1.6200 | $1.6200 |
| Aug 11, 2023 | Aug 31, 2023 | $1.6200 | $1.6200 |
Historical Dividend Yield
Dividend Growth
Dividend Increase Track Record
United Parcel Service has raised its total annual dividend (split-adjusted, by ex-dividend calendar year) versus the prior year for 17 consecutive years — the same figure as the "Consecutive Growth Years" card above.
| Year | Previous DPS | New DPS | Change |
|---|---|---|---|
| 2026 | $6.5600 | — | — |
| 2025 | $6.5200 | $6.5600 | +0.6% |
| 2024 | $6.4800 | $6.5200 | +0.6% |
| 2023 | $6.0800 | $6.4800 | +6.6% |
| 2022 | $4.0800 | $6.0800 | +49.0% |
| 2021 | $4.0400 | $4.0800 | +1.0% |
| 2020 | $3.8400 | $4.0400 | +5.2% |
| 2019 | $3.6400 | $3.8400 | +5.5% |
| 2018 | $3.3200 | $3.6400 | +9.6% |
| 2017 | $3.1200 | $3.3200 | +6.4% |
| 2016 | $2.9200 | $3.1200 | +6.8% |
| 2015 | $2.6800 | $2.9200 | +9.0% |
| 2014 | $2.4800 | $2.6800 | +8.1% |
| 2013 | $2.2800 | $2.4800 | +8.8% |
| 2012 | $2.0800 | $2.2800 | +9.6% |
| 2011 | $1.8800 | $2.0800 | +10.6% |
| 2010 | $1.8000 | $1.8800 | +4.4% |
| 2009 | $1.8000 | $1.8000 | 0.0% |
| 2008 | $1.6800 | $1.8000 | +7.1% |
| 2007 | $1.5200 | $1.6800 | +10.5% |
| 2006 | $1.3200 | $1.5200 | +15.2% |
| 2005 | $1.1200 | $1.3200 | +17.9% |
| 2004 | $0.9200 | $1.1200 | +21.7% |
| 2003 | $0.7600 | $0.9200 | +21.1% |
| 2002 | $0.7600 | $0.7600 | 0.0% |
| 2001 | $0.6800 | $0.7600 | +11.8% |
| 2000 | — | $0.6800 | — |
DPS sums split-adjusted amounts (adj. dividend) by ex-dividend calendar year—the same basis as the Adj. Dividend column in Dividend Payment History. The Dividend column can differ after stock splits. This table uses four decimals per annual total so the Change column matches the shown amounts; each payment row in Dividend Payment History also uses four.
Cash dividends paid (USD) — TTM and history
Trailing-twelve-month and annual common dividends paid for United Parcel Service (UPS) from the consolidated cash flow statement, in USD as filed.
Latest period
$5.40B
YoY change
-0.0%
5Y CAGR
+9.9%
Peak year (2024)
$5.40B
Latest annual
$5.40B
Cash dividends paid over time for United Parcel Service (UPS)
Per-period cash dividends paid
Cash dividends paid annual + quarterly history for United Parcel Service (UPS)
| Fiscal year | Period ended | Reported | Dividends Paid | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | $5.40B | -0.0% | -$1.00M | ||
| 2024 | $5.40B | +0.5% | +$27.00M | ||
| 2023 | $5.37B | +5.0% | +$258.00M | ||
| 2022 | $5.11B | +48.8% | +$1.68B | ||
| 2021 | $3.44B | +1.9% | +$63.00M | ||
| 2020 | $3.37B | +5.6% | +$180.00M | ||
| 2019 | $3.19B | +6.1% | +$183.00M | ||
| 2018 | $3.01B | +8.7% | +$240.00M | ||
| 2017 | $2.77B | +4.8% | +$128.00M | ||
| 2016 | $2.64B | +4.7% | +$118.00M | ||
| 2015 | $2.52B | +6.7% | +$159.00M | ||
| 2014 | $2.37B | +4.7% | +$106.00M | ||
| 2013 | $2.26B | +6.1% | +$130.00M | ||
| 2012 | $2.13B | +6.7% | +$133.00M | ||
| 2011 | $2.00B | +9.8% | +$179.00M | ||
| 2010 | $1.82B | +3.8% | +$67.00M | ||
| 2009 | $1.75B | -21.1% | -$468.00M | ||
| 2008 | $2.22B | +30.3% | +$516.00M | ||
| 2007 | $1.70B | +8.0% | +$126.00M | ||
| 2006 | $1.58B | +13.4% | +$186.00M | ||
| 2005 | $1.39B | +15.1% | +$183.00M | ||
| 2004 | $1.21B | +1625.7% | +$1.14B | ||
| 2003 | $70.00M | -91.8% | -$779.00M | ||
| 2002 | $849.00M | -0.8% | -$7.00M | ||
| 2001 | $856.00M | +8.9% | +$70.00M | ||
| 2000 | $786.00M | +17.0% | +$114.00M | ||
| 1999 | $672.00M | +44.2% | +$206.00M | ||
| 1998 | $466.00M | — | — |
2025's annual dividends paid for United Parcel Service (UPS) came in at $5.40B – edged down 0.0% year-over-year.
United Parcel Service dividends paid has recorded the values shown across consecutive periods, with a +9.9% compound annual growth rate over 2020–2025 (5 years).
2024 marks the peak dividends paid at $5.40B, with the historical low of $70.00M recorded in 2003.
United Parcel Service (UPS) sits 1st of 8 Industrials peers we track on this metric, against a peer median of $2.23B.
United Parcel Service Dividends Paid 2025: $5.40B
United Parcel Service dividends paid in 2025 was $5.40B, edged down 0.0% below 2024.
United Parcel Service Dividends Paid 2024: $5.40B
United Parcel Service dividends paid in 2024 was $5.40B, edged up 0.5% from 2023. This figure represents the highest annual value in the available history.
United Parcel Service Dividends Paid 2023: $5.37B
United Parcel Service dividends paid in 2023 was $5.37B, grew 5.0% from 2022.
United Parcel Service Dividends Paid 2022: $5.11B
United Parcel Service dividends paid in 2022 was $5.11B, surged 48.8% from 2021.
United Parcel Service Dividends Paid 2021: $3.44B
United Parcel Service dividends paid in 2021 was $3.44B.
See more financial history for United Parcel Service (UPS).
Sector peers by dividends paid
Companies in the same sector as United Parcel Service, ranked by their latest dividends paid.
| Company | Dividends Paid | Sector |
|---|---|---|
| RTX (RTX) | $3.57B | Industrials |
| Union Pacific (UNP) | $3.24B | Industrials |
| Honeywell International (HON) | $2.98B | Industrials |
| Caterpillar (CAT) | $2.75B | Industrials |
| Deere & Company (DE) | $1.72B | Industrials |
| Eaton Corporation (ETN) | $1.63B | Industrials |
| GE Aerospace (GE) | $1.45B | Industrials |
| Boeing (BA) | $0 | Industrials |
Frequently asked questions
Does United Parcel Service pay dividends?
Yes, United Parcel Service (UPS) pays quarterly dividends of approximately $6.56 per share annually, yielding 6.63%.
What is United Parcel Service's dividend yield?
United Parcel Service (UPS) has a current dividend yield of 6.63%.
Is United Parcel Service's dividend safe?
United Parcel Service (UPS) passes 4 out of 8 dividend safety checks. See the detailed breakdown above for each criterion.
How many consecutive years has United Parcel Service increased its dividend?
United Parcel Service (UPS) has 17 consecutive years of dividend increases.
What is United Parcel Service's dividend payout ratio?
United Parcel Service (UPS) has a dividend payout ratio of 106.1%. Trailing twelve months (GAAP): adjusted dividends over roughly 12 months aligned with the latest reported quarter, divided by the sum of diluted EPS from the last four fiscal quarters (not NII or taxable income for BDCs/REITs).
What is United Parcel Service's dividends paid?
Latest reported dividends paid for United Parcel Service (UPS) is $5.40B (period ending March 31, 2026).
How has United Parcel Service dividends paid changed year-over-year?
United Parcel Service (UPS) dividends paid changed -0.0% year-over-year on the latest annual filing.
What is the long-term growth rate of United Parcel Service dividends paid?
United Parcel Service (UPS) dividends paid compound annual growth rate is +9.9% over the most recent 5 years available.
When did United Parcel Service dividends paid hit its highest annual value?
United Parcel Service dividends paid reached its highest annual value of $5.40B in 2024.
What was United Parcel Service dividends paid in 2024?
United Parcel Service (UPS) dividends paid in 2024 was $5.40B.
What was United Parcel Service dividends paid in 2025?
United Parcel Service (UPS) dividends paid in 2025 was $5.40B.
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