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This Beaten-Down Dividend Stock Yields 6.5%. Here's Why It's Worth Doubling Up on in May.
A steep sell-off in the shares of United Parcel Service (NYSE: UPS) has pushed their yield up to 6.5% -- making it one of the 10 highest-yielding stocks in the S&P 500. But the high yield has come much to the dislike of long-term investors, who have seen UPS stock fall over 56% from its all-time high in February 2022.Here's why it is failing to deliver for investors, but why the beaten-down dividend stock could be worth buying now.Image source: Getty Images.Continue reading
A steep sell-off in the shares of United Parcel Service (NYSE: UPS) has pushed their yield up to 6.5% -- making it one of the 10 highest-yielding stocks in the S&P 500. But the high yield has come much to the dislike of long-term investors, who have seen UPS stock fall over 56% from its all-time high in February 2022.
Here's why it is failing to deliver for investors, but why the beaten-down dividend stock could be worth buying now.
Image source: Getty Images.
