FedEx Increases Quarterly Dividend From $1.26 To $1.38 Per Share
Portfolio Pulse from Benzinga Newsdesk
FedEx Corp. (NYSE:FDX) has announced a 10% increase in its annual dividend rate, raising it from $1.26 to $1.38 per share. The quarterly cash dividend of $1.38 per share will be payable on July 9, 2024, to stockholders of record on June 24, 2024.
June 10, 2024 | 6:17 pm
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FedEx Corp. has increased its quarterly dividend by 10%, reflecting its commitment to delivering stockholder value. The new dividend rate is $1.38 per share, payable on July 9, 2024.
The increase in the dividend rate is a positive signal to investors, indicating FedEx's strong financial health and commitment to returning value to shareholders. This is likely to have a positive short-term impact on the stock price.
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