Jim Cramer Regards United Parcel’s High Dividend as a “Total Red Flag”
United Parcel Service, Inc. (NYSE:UPS) is one of the stocks Jim Cramer was recently focused on. Cramer highlighted his worry about the company’s high dividend yield. He said: “Pivot over to the transports, and you see UPS with the 7.76% yield. Management’s repeatedly told us their dividend’s a top priority. Iconic, trusted brand, really one of two in a nice duopoly, but I just can’t go there because that 7.76% yield is what I regard as a total red flag. I’m concerned that a real slowdown would force them ...