This High-Yielding Dividend Stock Is Trading Near Its 52-Week Low

At a yield of less than 1.4%, the S&P 500 isn’t paying investors much of a dividend these days. But there are some attractive options out there, especially with many stocks falling in recent months. One that looks particularly attractive is United Parcel Service (NYSE:UPS). Down 16% year to date, that means that its yield has been on the rise of late. Today, investors can earn a yield of 3.4%. On a $25,000 investment, that can mean $845 in recurring income over the course of a year.

Supply chain issues and general concerns of a slowdown in the global economy are a few of the big reasons why UPS has likely been struggling of late. But the business remains a promising one to invest in as growth in e-commerce and logistics is going to continue to expand in the future. While there may be hiccups today, that doesn’t change the long-term appeal of the company.

With its shares trading at less than $180 and being near their 52-week lows, investors have an opportunity to take advantage of a beaten-up stock that not only pays an above-average dividend yield but that has some attractive growth prospects over the long haul. Its price-to-earnings multiple is just under 15, which makes its price tag appealing. In recent years, it wasn’t uncommon to see shares of UPS trading at more than 20 times its trailing profits.

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The logistics company’s fundamentals are also sound, with UPS reporting a net profit margin of at least 10% in each of the past four quarters. For investors, this can be an excellent stock to buy and hold for years.