1 Magnificent High-Yield Stock Down 38% to Buy and Hold Forever
UPS(UPS) The Motley Fool·2024-12-13 20:00
Anyone who has ever dealt with a package lost in transit can empathize with the frustration facing shareholders of United Parcel Service (UPS -0.11%). At the time of this writing, UPS stock is down 38% from its all-time high, largely due to weaker shipping demand over the past few years.Despite this underperformance, recent company results suggest UPS is turning things around. Investors have the opportunity today to take delivery of this beaten-down industry leader that offers a hefty 5% dividend yield.Let' ...