Owen Baptiste writes StockVane's dividend and income coverage — payout safety, aristocrat-style compounders, and building a portfolio that pays you to hold it. He manages his own dividend portfolio and writes from that experience, not from a model. His articles are analysis and opinion, not personalized advice — see StockVane's Editorial Standards and Disclaimer.
UPS paid $5.4 billion in dividends in 2025 against $4.8 billion of free cash flow and borrowed to cover the gap. At a 6.6% yield the payout is covered by adjusted earnings, not by cash.…