FedEx Corporation (FDX) to Distribute Quarterly Dividend of $1.22 on July 7th

FedEx Corporation (NYSE:FDX) declared a quarterly dividend on Monday, June 8th. Investors of record on Monday, June 22nd will be paid a dividend of 1.22 per share by the shipping service provider on Tuesday, July 7th. This represents a c) annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend is Monday, June 22nd.

FedEx has raised its dividend by an average of 0.2%annually over the last three years and has increased its dividend every year for the last 1 years. FedEx has a dividend payout ratio of 21.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect FedEx to earn $21.59 per share next year, which means the company should continue to be able to cover its $4.88 annual dividend with an expected future payout ratio of 22.6%.

FedEx Stock Up 0.0%

FedEx stock opened at $326.36 on Friday. FedEx has a fifty-two week low of $172.88 and a fifty-two week high of $345.36. The firm has a market capitalization of $77.87 billion, a price-to-earnings ratio of 17.37, a price-to-earnings-growth ratio of 1.48 and a beta of 1.28. The stock’s fifty day moving average is $368.64 and its two-hundred day moving average is $344.62. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.44 and a current ratio of 1.47.

FedEx (NYSE:FDX) last released its quarterly earnings data on Thursday, March 19th. The shipping service provider reported $5.25 EPS for the quarter, topping the consensus estimate of $4.12 by $1.13. The business had revenue of $24 billion for the quarter, compared to analyst estimates of $23.44 billion. FedEx had a net margin of 4.88% and a return on equity of 16.76%. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.51 EPS. Analysts predict that FedEx will post 19.78 EPS for the current fiscal year.

FedEx Company Profile

FedEx Corporation (NYSE: FDX) is a global logistics and courier company headquartered in Memphis, Tennessee. Founded by Frederick W. Smith in 1971 and beginning operations in the early 1970s, the company pioneered overnight express shipping and has since expanded into a diversified portfolio of transportation, e-commerce and supply-chain services. FedEx operates an integrated air-and-ground network that moves parcels, freight and documents for businesses and consumers worldwide.

FedEx’s core operating segments include express parcel delivery via its FedEx Express division, domestic and residential parcel delivery through FedEx Ground, less-than-truckload (LTL) freight services, and logistics and supply-chain management solutions.