FedEx Corporation (FDX) To Go Ex-Dividend on September 14th

FedEx Corporation (NYSE:FDX) declared a quarterly dividend on Friday, August 21st. Stockholders of record on Monday, September 14th will be paid a dividend of 1.22 per share by the shipping service provider on Thursday, October 1st. This represents a c) annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Monday, September 14th.

FedEx has increased its dividend by an average of 0.2%annually over the last three years and has raised its dividend annually for the last 1 consecutive years. FedEx has a dividend payout ratio of 21.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect FedEx to earn $19.97 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 24.4%.

FedEx Stock Performance

NYSE:FDX opened at $311.95 on Friday. The business has a 50 day moving average of $319.16 and a 200 day moving average of $346.76. The company has a market capitalization of $73.83 billion, a price-to-earnings ratio of 16.85, a PEG ratio of 1.66 and a beta of 1.32. FedEx has a 1-year low of $179.50 and a 1-year high of $345.36. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.48 and a quick ratio of 1.44.

FedEx (NYSE:FDX) last issued its earnings results on Tuesday, July 21st. The shipping service provider reported $5.88 earnings per share (EPS) for the quarter. The business had revenue of $23.26 billion during the quarter. FedEx had a return on equity of 16.49% and a net margin of 4.68%. On average, sell-side analysts predict that FedEx will post 17.55 earnings per share for the current fiscal year.

FedEx Company Profile

FedEx Corporation (NYSE: FDX) is a global transportation, e-commerce and business services company. Through its operating companies, FedEx provides package delivery, freight transportation, logistics, supply chain management and related services for businesses, governments and consumers.

The company’s offerings include time-definite express shipping, ground delivery, less-than-truckload freight transportation, customs and international trade support, warehousing, fulfillment and other logistics solutions.