Seeking Alpha--During the past five years, UPS’s return on equity has averaged nearly 29%.This high profitability flows from the wide moat UPS has built around its business with a massive international transportation network interconnected with one of the largest technological infrastructures in commercial history. Economies of scale, customer service and operating efficiencies translate into consistent, high profitability. Over the years, UPS has parceled out brown boxes of free cash flow to shareholders via dividends and share buybacks. UPS increased its dividend 11% this year to an annual rate of $2.08 per share with the dividend currently yielding an attractive 3.4%.   Read more!