UPS Has Ample Free Cash Flow to Pay Out Dividends
February 21, 2023 at 13:39 PM EST
United Parcel Service (UPS) is flush with free cash flow. The shipping, receiving, and supply chain management company reported that it generated $9 billion of free cash flow in 2022, which handily covered the $5.1 billion it distributed in dividends. Looking ahead, UPS expects its free cash flow to be around $8 billion in 2023. [...] The post UPS Has Ample Free Cash Flow to Pay Out Dividends appeared first on ETF Trends .