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.