FedEx Corporation Announces Quarterly Dividend of $1.45 (NYSE:FDX)

FedEx Corporation (NYSE:FDX) declared a quarterly dividend on Friday, November 21st. Investors of record on Monday, December 15th will be given a dividend of 1.45 per share by the shipping service provider on Tuesday, January 6th. This represents a c) dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Monday, December 15th.

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% indicating that its dividend is sufficiently covered by earnings. Research analysts expect FedEx to earn $21.65 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 26.8%.

FedEx Stock Up 2.5%

NYSE:FDX traded up $6.45 on Friday, hitting $269.55. The stock had a trading volume of 1,722,709 shares, compared to its average volume of 1,955,789. The company has a quick ratio of 1.21, a current ratio of 1.25 and a debt-to-equity ratio of 0.73. FedEx has a 52 week low of $194.29 and a 52 week high of $308.53. The business’s fifty day moving average is $244.40 and its 200 day moving average is $233.05. The company has a market cap of $63.60 billion, a PE ratio of 15.74, a P/E/G ratio of 1.36 and a beta of 1.31.

FedEx (NYSE:FDX) last issued its earnings results on Thursday, September 18th. The shipping service provider reported $3.83 earnings per share for the quarter, topping analysts’ consensus estimates of $3.71 by $0.12. FedEx had a return on equity of 16.33% and a net margin of 4.65%.The company had revenue of $22.20 billion for the quarter, compared to analyst estimates of $21.74 billion. During the same period in the prior year, the firm earned $3.60 earnings per share. FedEx’s revenue for the quarter was up 3.1% on a year-over-year basis. FedEx has set its FY 2026 guidance at 17.200-19.000 EPS. On average, equities research analysts expect that FedEx will post 19.14 EPS for the current fiscal year.

Hedge Funds Weigh In On FedEx

A number of hedge funds and other institutional investors have recently modified their holdings of FDX. Vanguard Group Inc. lifted its holdings in FedEx by 13.2% during the third quarter. Vanguard Group Inc. now owns 23,442,049 shares of the shipping service provider’s stock worth $5,527,870,000 after acquiring an additional 2,741,723 shares during the period. Dodge & Cox increased its position in shares of FedEx by 12.0% during the 3rd quarter. Dodge & Cox now owns 16,225,160 shares of the shipping service provider’s stock valued at $3,826,055,000 after purchasing an additional 1,742,666 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of FedEx by 0.6% during the 2nd quarter. Geode Capital Management LLC now owns 4,947,670 shares of the shipping service provider’s stock worth $1,124,524,000 after purchasing an additional 28,450 shares during the period. Franklin Resources Inc. boosted its holdings in shares of FedEx by 5.9% in the 3rd quarter. Franklin Resources Inc. now owns 4,814,938 shares of the shipping service provider’s stock worth $1,135,411,000 after buying an additional 269,567 shares during the last quarter. Finally, Valeo Financial Advisors LLC grew its position in FedEx by 28,080.9% during the second quarter. Valeo Financial Advisors LLC now owns 3,743,557 shares of the shipping service provider’s stock valued at $850,948,000 after buying an additional 3,730,273 shares during the period. Hedge funds and other institutional investors own 84.47% of the company’s stock.

FedEx Company Profile

FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. It operates through FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services segments. The FedEx Express segment offers express transportation, small-package ground delivery, and freight transportation services; and time-critical transportation services.