Here's Why You Should Hold FedEx (FDX) Stock in Your Portfolio

FedEx Corporation’s (FDX) consistent efforts to reward shareholders through dividends and buybacks are encouraging. However, shipping volume-related weakness is a headwind.Let’s delve deeper.Factors Working in Favor of FDXWe are pleased with the company’s efforts to reward its shareholders even in these difficult times. In April 2023, FedEx raised its quarterly dividend by 10% to $1.26 per share (or$5.04 annually). FDX is also active on the buyback front. During fiscal 2023, FedEx repurchased shares worth ...