Dividend Contenders List: Top 15

6. United Parcel Service, Inc. (NYSE:UPS)

Dividend Yield as of March 12: 5.69%

United Parcel Service, Inc. (NYSE:UPS) ranks sixth on our dividend contenders list. The American shipping and supply chain management company is expanding its healthcare logistics services as part of its long-term strategy to establish itself as a global leader in the industry. In January 2025, it strengthened its position by acquiring Frigo-Trans and its subsidiary BPL, enhancing its ability to offer advanced temperature-controlled logistics solutions, particularly across Europe.

In the fourth quarter of 2024, United Parcel Service, Inc. (NYSE:UPS) reported revenue of $25.3 billion, reflecting a 1.54% increase from the previous year. The company also reached a preliminary agreement with its largest customer to reduce volume by more than 50% by the second half of 2026. Additionally, as of January 1, 2025, UPS will assume full control of its SurePost product. In response to these changes, it is restructuring its U.S. network and rolling out a multi-year efficiency initiative aimed at streamlining operations, with the goal of achieving approximately $1 billion in cost savings through a comprehensive process overhaul.

United Parcel Service, Inc. (NYSE:UPS) raised its quarterly dividend by 0.6% in February to $1.64 per share, which marked its 23rd consecutive year of dividend increases. The stock supports a dividend yield of 5.69%, as of March 12. The company remains appealing to income investors, backed by strong cash flow. In fiscal 2024, UPS generated $10.1 billion in operating cash flow and $6.3 billion in free cash flow. It also returned $5.9 billion to shareholders through dividends and share repurchases.