FedEx As of October 10, 2023 ticker dps (an.) 2024 hike 2023 hike 2022 hike
FDX $5.04 9.6% 53.3% 15.4%
Business yield Hike yrs 5 yr CAGR freq. paid since
Air Freight & Logistics 2.0% 3 14.2% Quarter 2002
FedEx hikes dividend by 15.4%

FedEx Corporation (FDX) will raise its quarterly dividend by 15.4 percent to 75 cents per share in 2021. This is the first dividend hike announced by the delivery company since 2018, when a dividend hike of  30 percent to $0.65 per share was announced.

The dividend is payable July 12, 2021 to stockholders of record at the close of business on June 28, 2021. The new dividend yield for FedEx is 1.0% at a stock price of $299 and a new annual dividend rate of $3.00 per share. FedEx will now pay shareholders an estimated $796 million in dividend annually.

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. FedEx Corporation has been paying a dividend to shareholders every year since 2002.