UPS depreciates 0.6% with $185.46 as the low of the day

Published: March 19 2023, 11:26 GMT+0

UPS depreciates 0.6% with $185.46 as the low of the day

A quick look at Friday: during Friday's session, United Parcel Service toiled and struggled for upward momentum before closing at $186.79. By the close, the the supply chain management company suffered a $1.13 or 0.6% loss.

  • Daily trading volume (6.64 million shares) was above the current multiday average of 2.70 million.
  • United Parcel Service discloses $1.62 per share dividend to be paid on Friday, March 10th

With investors awaiting market open on the New York Stock Exchange in a day, Friday's session was noteworthy in that S&P 500 withdraws 1.1% before ending the session at 3,916.64. UPS closed lower Friday, with similar drops noticed throughout the Industrials sector (down 0.422%).

The supply chain management company is up 18.08% from the significant low of $159.14 it hit 5 months ago. The S&P has been doing worse in 2022, it has been passing it by 3.04%. The company's market cap currently stands at $160.40 billion with an average daily trading volume of 2.70 million shares. United Parcel Service is forecasted to generate revenues of $28 billion and EPS of $3.59.

United Parcel Service disclosed a quarterly dividend of $1.62 per share on Tuesday, January 31st that was paid on Friday, March 10th to all shareholders of record up until Tuesday, February 21st. Based on current prices, the company's decision thereby provides United Parcel Service investors with an annual dividend yield of 3.47%.

UPS was not the only decliner in the industrials sector; Raytheon Technologies closed at $95.75 (down 2.38%). Honeywell International falls 2.38% Friday to close at $189.14. Lockheed Martin went down to $465.87, losing 1.56% after it closed at $473.24 Friday.