FedEx Corporation (FDX) will raise its quarterly dividend by 30 percent to $0.65 per share in 2018.
This follows last year's 25 percent dividend hike and marks the 16th consecutive year of dividend increases by the delivery company.
The dividend is payable July 9, 2018 to stockholders of record at the close of business on June 25, 2018. The new dividend yield for FedEx is 1.0%.
FedEx Corporation (FedEx) provides a portfolio of transportation, e-commerce and business services through companies competing collectively, operating independently and managed collaboratively, under the FedEx brand. The Company's segments include FedEx Express, TNT Express, FedEx Ground, FedEx Freight and FedEx Services.