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

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 is Monday, December 15th.

FedEx has raised its dividend payment by an average of 0.2%per year over the last three years and has increased its dividend annually for the last 1 consecutive years. FedEx has a dividend payout ratio of 25.6% indicating that its dividend is sufficiently covered by earnings. 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 Trading Up 2.5%

Shares of FDX opened at $269.55 on Friday. The firm has a market cap of $63.60 billion, a P/E ratio of 15.74, a price-to-earnings-growth ratio of 1.36 and a beta of 1.31. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.25 and a quick ratio of 1.21. FedEx has a 1 year low of $194.29 and a 1 year high of $308.53. The company has a 50 day simple moving average of $245.20 and a two-hundred day simple moving average of $233.41.

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

Hedge Funds Weigh In On FedEx

Several hedge funds have recently added to or reduced their stakes in the company. Grey Fox Wealth Advisors LLC bought a new stake in FedEx in the third quarter worth about $27,000. NewSquare Capital LLC lifted its stake in shares of FedEx by 121.8% during the 2nd quarter. NewSquare Capital LLC now owns 122 shares of the shipping service provider’s stock worth $28,000 after acquiring an additional 67 shares during the last quarter. Twin Peaks Wealth Advisors LLC purchased a new position in FedEx during the 2nd quarter valued at $28,000. Wealth Watch Advisors INC purchased a new stake in FedEx in the third quarter worth $28,000. Finally, Ameriflex Group Inc. lifted its position in shares of FedEx by 103.3% during the third quarter. Ameriflex Group Inc. now owns 124 shares of the shipping service provider’s stock worth $29,000 after purchasing an additional 63 shares during the last quarter. 84.47% of the stock is currently owned by institutional investors.

About FedEx

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.