FedEx raises quarterly dividend to 20c per share The Board of Directors of FedEx Corporation declared a quarterly cash dividend of 20c per share on FedEx Corporation common stock, a 5c per share increase from the prior quarter’s dividend. The dividend is payable July 3 to stockholders of record at the close of business on June 19.
FedEx upgraded to Outperform from Neutral at Credit Suisse Credit Suisse upgraded FedEx to Outperform to reflect the shift in capex focus towards U.S. Ground Network capacity, a higher margin business and less capital intensive than Express. The firm expects consolidated margins and ROIC to improve should FDX Ground continue its outsized growth. Price target to $203 from $177.