FedEx (FDX) Share Price Increases on Dividend Hike of 10%

Shares of FedEx Corporation (FDX) performed well on the bourse on Jun 10, 2024, closing the trading session at $253.72 per share, up 2.42% from the previous day's closing. The upside was owing to the dividend hike announcement by FedEx’s board of directors.In a shareholder-friendly move, FDX’s board of directors has approved a dividend hike of 10%, thereby raising its quarterly cash dividend from$ 1.26 ( $5.04 annualized) per share to$ 1.38 ($5.52 annualized).The raised dividend will be paid out on Jul 9, 20 ...