FedEx board increases quarterly dividend 10%

The board of directors of FedEx approved an increase in the annual dividend rate on FedEx Corp. common stock of 10%, or 48c per share, to $5.52 per share for fiscal 2025 “in line with the company’s continued focus on delivering stockholder value. The board also declared a quarterly cash dividend of $1.38 per share on FedEx Corp. common stock. The dividend is payable July 9 to stockholders of record at the close of business on June 24. “We remain committed to creating value for our stockholders. This dividend increase is an important component of our disciplined approach to capital allocation, which also includes share repurchases and prudently investing in our business,” said John Dietrich, executive vice president and chief financial officer of FedEx Corp.