UPS: Mr. Market May Be Pricing In A Dividend Cut, But I Remain Cautious

United Parcel Service faces ongoing headwinds from high interest rates, tariffs, and macro uncertainty, leading to weak financials and a significant share price decline. The dividend safety is in question as free cash flow struggles to cover payouts, though management remains publicly committed to maintaining and growing the dividend. Strategic cost-saving initiatives and international expansion offer potential upside, but further economic weakening could derail turnaround efforts.