FedEx (FDX) declared a quarterly dividend of $0.75 per share on the company’s common stock, up 15.4% from the previous $0.65 per share dividend. The company provides customers and businesses with a broad portfolio of transportation, e-commerce, and business services. The dividend is payable on July 12 to shareholders of record on June 28. FedEx's annual dividend of $3 per share now reflects a dividend yield of 1.02%. FedEx CEO Michael C. Lenz said, “Increasing our dividend reinforces our commitment to drive value for shareowners.
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FedEx (NYSE:FDX)
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