FedEx Corp. undefined said late Monday its board has approved a 15% increase to the delivery and logistics company's dividend. The dividend, up by 10 cents...
FedEx Corp. FDX, -1.05% said late Monday its board has approved a 15% increase to the delivery and logistics company's dividend. The dividend, up by 10 cents to 75 cents a share, is payable July 12 to stockholders of record as of June 28.
"Increasing our dividend reinforces our commitment to drive value for shareowners," Chief Financial Officer Michael C. Lenz said in a statement."Our balance sheet and cash flow allow us to strategically invest in long-term, profitable growth while also rewarding our shareowners by raising our dividend." FedEx shares traded 0.3% higher in the extended session Monday after ending the regular trading day down 1.1%.
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