TELETRADER News
6/14, 3:24 PM (Source: TeleTrader)
more TeleTrader news

Fedex-1.47%

156.73
Chart for: FedEx Corp

FedEx increases quarterly dividend by 53% to $1.15

FedEx Corporation announced on Tuesday that it is increasing the company's quarterly cash dividend by 53%, or $0.40 to $1.15 per share on its common stock.

According to the announcement made by the company, "the dividend is payable on July 11, 2022," and it is part of more actions to enhance stockholder value. Besides, FedEx also announced that it is "adding two highly qualified independent directors, Amy Lane and Jim Vena, to its Board."

"The increased dividend we announced today is the culmination of our Board's thoughtful efforts over many months to ensure that our capital allocation strategy reflects our confidence in the trajectory of the business and increases returns for our stockholders. We look forward to sharing more detail on our strategy and long-term objectives at our investor day later this month," said Michael C. Lenz, FedEx Corp. Executive Vice President and Chief Financial Officer.

Baha Breaking News (BBN) / JG