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A fat dividend yield can mean generosity or distress, and three well-known stocks paying some of the biggest yields in the market right now are showing cracks that most income investors are dangerously quick to overlook.
In the closing of the recent trading day, United Parcel Service (UPS) stood at $102.29, denoting a -1.17% move from the preceding trading day.
With its stable high yield, you can get paid to wait for this transportation giant's turnaround.
Goldman Sachs builds its Conviction List by identifying stocks where analysts hold their highest confidence in outperformance, and this month's screen turned up five dividend payers with yields that income investors rarely find attached to names this established.
UPS (UPS -1.04%) reported high-single-digit revenue growth in its latest investor update.
The company shook up its executive roles as part of the new model, naming the head of its U.S. business to lead its global operations, among other appointments.
ATLANTA--(BUSINESS WIRE)---- $UPS #upsnews--UPS (NYSE: UPS) today announced that Kate Gutmann, Executive Vice President and President, International, Healthcare and Supply Chain Solutions, will retire for personal family reasons. During her nearly 37-year career with UPS, Gutmann has exemplified customer-focused leadership and operational excellence. Over the last six years, she has played a central role in advancing UPS's strategic differentiation, positioning the company as the global leader in complex healthc.
Wall Street has spent the last several years discounting a handful of famous dividend names on fears of patent cliffs, volume declines, and commodity swings. But the checks keep clearing.