How To Earn $500 A Month From FedEx Stock Ahead Of Q4 Earnings
Portfolio Pulse from Avi Kapoor
FedEx Corporation (NYSE:FDX) is set to release its Q4 earnings, with analysts expecting an increase in EPS and revenue. The company has announced a restructuring plan in Europe to cut costs by reducing 1,700 to 2,000 positions. FedEx's current dividend yield is 2.18%, translating to a quarterly dividend of $1.38 per share. Investors would need to own approximately 1,087 shares to earn $500 monthly from dividends.
June 24, 2024 | 12:43 pm
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FedEx is expected to report higher Q4 earnings and revenue. The company is also restructuring its European operations to cut costs, which could positively impact its financials. The current dividend yield is 2.18%, and the stock price recently gained 0.5%.
The expected increase in earnings and revenue, along with the cost-cutting measures in Europe, are likely to positively impact FedEx's stock price in the short term. The dividend yield and recent stock price gain further support a positive outlook.
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