United Parcel Service, Inc. (NYSE:UPS) is one of the stocks Jim Cramer recently discussed. During the lightning round, a caller asked if they should buy, sell, or hold the stock, and he commented:
“No, I still don’t like UPS. I tell you what I heard today, FedEx, when I was at Salesforce, made me feel even better about that company.”
United Parcel Service, Inc. (NYSE:UPS) delivers packages and freight through express, ground, and international shipping services. The company also provides logistics, customs brokerage, distribution, and specialized healthcare supply chain solutions. During the September 30 episode, Cramer showed worry about the stock’s high dividend. 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 to cut the dividend.”
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Disclosure: None. This article is originally published at Insider Monkey.