There are a lot of valid excuses a company can make for poor results: the ongoing COVID-19 pandemic, rising interest rates, inflation, a tight labor market, supply-chain constraints, etc. UPS shares hit a fresh all-time high earlier this week after the company reported record Q4 and full-year results. For example, the share price of Sherwin-Williams has increased eightfold over the last decade, so investors probably don't mind that its dividend yield has fallen from 1.5% to just 0.75%.