The FedEx board of directors approved an increase in the annual dividend rate on its common stock of 10%, or 44c per share, to $5.04 per share for fiscal 2024. The board declared a quarterly cash dividend of $1.26 per share of FedEx common stock. The dividend is payable July 3, 2023 to stockholders of record at the close of business on June 12, 2023.
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