UPS Dividend History

• Pays: quarterly — ex-dividend dates usually in late February, May, August, and November.
• Paying since: its 1999 IPO, with the payout raised or held every year since — and increased for the last decade-plus straight.
• The outlier year: 2022, when a pandemic-shipping windfall funded a 49% raise ($4.08 → $6.08). The raises since: pennies.
• Today's yield: around 6% — not from generosity, but from a share price that fell as shipping volumes normalized.
• The tension: the dividend consumes most of current profits, so the streak continues on management's will and a hoped-for freight recovery.

UPS's payout ratio is elevated after the 2022 mega-raise met a freight slowdown — the dividend is currently a priority being defended, not a comfortable afterthought.

UPS pays quarterly. Each point below is one dividend since 1999 — a steady climb, one huge leap in 2022, and tiny steps since.

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Each point is one payment; the line ends at the most recent payout. The table below totals them by year.

• Trailing 12 months: $6.56 per share across 4 payments — up 0% from $6.55 in the 12 months before. What a change like that does to your income →
• Current pace: recent payments annualize to $6.56 — 0% above the trailing figure. When those two disagree, the trailing yield is quoting the past. Live cut & raise board →
• Share price, same 12 months: up 18% (dividends excluded) — income and principal are one story. Erosion Index →
• Record: 108 payments over 27 years; the largest single payment was $1.64 (Feb 2025).
• Payment drops ≥20% below trend, last 24 months: none. Get one short email if that changes →

Every figure above is computed from UPS's actual payment record and share-price history as of the date shown — not copied from a fact sheet. Recomputed regularly; the chart above always shows the live data.

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"Next expected" is estimated from UPS's recent payment rhythm — the fund announces exact dates shortly before each payout, and the data feed can lag a few days. You must own shares before the ex-dividend date to receive that payout; the cash typically arrives days later. See every fund's upcoming date on the live dividend calendar.

A real total-return estimate, assuming every payout was reinvested — including what happened to the share price. Before taxes and fees. Past performance does not predict the future.

UPS's chart splits into three eras: two decades of dependable growth, the 2022 moonshot (a 49% raise declared at the peak of pandemic shipping), and the penny-raises since — the look of a management team defending a commitment made in better times. E-commerce shipping is a genuinely great long-term business; the dividend was simply sized for its best year ever.

That's why the yield says 6% on a blue-chip name: the price has fallen to where the market wonders aloud about coverage. If freight volumes recover, today's buyer locked a high qualified yield at a discount. If profits stagnate, the raises stay symbolic — and the c-word enters analyst notes. The payout ratio is the number to watch each quarter.

Data source: Yahoo Finance. Figures are per share; the current year may be partial and figures should be verified against official sources.

Calculated from complete calendar years in the data above. Past results don't guarantee future payments.