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Why UPS Stock Was Climbing Higher Today

Why UPS Stock Was Climbing Higher Today

Shares of United Parcel Service (NYSE: UPS) were moving higher today after a modest beat on the bottom line in its fourth-quarter earnings report. Revenue in the fourth quarter actually fell 2.7% to $27 billion. The company also said it would raise its quarterly dividend by 6.6% to $1.62 per share, which gives the stock a dividend yield of 3.5%.