United Parcel Service is deeply out of favor, but it provides a vital service and is preparing for a brighter future. United Parcel Service (UPS 1.41%), which usually just goes by UPS, has a huge dividend yield of 7.9%. Many investors are likely attracted to it as a dividend stock, but that's a risky call. It is more appropriate to see this package delivery giant as a turnaround stock. Demand slowed, and UPS' stock price crumbled when the world learned to live with COVID-19.