UPS vs. FDX: One Pays 99% of Free Cash Flow as Dividends. The Other Pays 27%

Key TakeawaysUPS’s cash dividend payout ratio is a stretched 99% over the last twelve months, against a comfortable 27% for FedEx in its latest fiscal year. UPS yields 7% but held its dividend flat this year, ending a run of annual raises that began in 2010.