FedEx Corporation Declares Quarterly Dividend of $1.22 (NYSE:FDX)

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

FedEx has increased its dividend payment by an average of 0.2%annually over the last three years and has raised its dividend every year for the last 1 years. FedEx has a payout ratio of 25.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect FedEx to earn $21.55 per share next year, which means the company should continue to be able to cover its $5.80 annual dividend with an expected future payout ratio of 26.9%.

FedEx Trading Down 0.3%

FDX stock opened at $329.96 on Tuesday. The company’s 50-day simple moving average is $373.31 and its 200-day simple moving average is $341.31. The company has a quick ratio of 1.44, a current ratio of 1.47 and a debt-to-equity ratio of 0.77. FedEx has a 52-week low of $172.88 and a 52-week high of $341.14. The firm has a market cap of $78.73 billion, a P/E ratio of 17.56, a PEG ratio of 1.51 and a beta of 1.28.

FedEx (NYSE:FDX) last posted its earnings results on Thursday, March 19th. The shipping service provider reported $5.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.12 by $1.13. FedEx had a net margin of 4.88% and a return on equity of 16.76%. The business had revenue of $24 billion for the quarter, compared to analyst estimates of $23.44 billion. During the same period in the prior year, the company posted $4.51 EPS. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. As a group, equities analysts forecast that FedEx will post 19.72 EPS for the current fiscal year.

About FedEx

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.