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

Key Points

• FedEx Corporation has announced a quarterly dividend of $1.45 per share, payable on October 1 to investors of record on September 8, representing a dividend yield of 2.6%.
• The company's dividend payout ratio is at 24.4%, indicating that the dividend is well covered by earnings, with projections suggesting a future payout ratio of 25.5% based on expected earnings of $21.65 per share next year.
• FedEx reported earnings per share of $6.07 for its last quarter, exceeding estimates, while its revenue reached $22.20 billion, surpassing analyst expectations of $21.86 billion.

FedEx Corporation (NYSE:FDX - Get Free Report) announced a quarterly dividend on Thursday, August 7th, RTT News reports. Investors of record on Monday, September 8th will be given a dividend of 1.45 per share by the shipping service provider on Wednesday, October 1st. This represents a c) annualized dividend and a dividend yield of 2.6%.

FedEx has a dividend payout ratio of 24.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect FedEx to earn $21.65 per share next year, which means the company should continue to be able to cover its $5.52 annual dividend with an expected future payout ratio of 25.5%.

FedEx Stock Performance

NYSE:FDX traded down $1.98 during mid-day trading on Thursday, reaching $224.47. The company's stock had a trading volume of 1,454,575 shares, compared to its average volume of 2,002,105. The company has a current ratio of 1.19, a quick ratio of 1.15 and a debt-to-equity ratio of 0.68. The stock has a market cap of $52.95 billion, a P/E ratio of 13.30, a PEG ratio of 1.16 and a beta of 1.30. The firm's fifty day moving average price is $228.11 and its two-hundred day moving average price is $234.36. FedEx has a 12-month low of $194.29 and a 12-month high of $308.53.

FedEx (NYSE:FDX - Get Free Report) last released its quarterly earnings results on Tuesday, June 24th. The shipping service provider reported $6.07 earnings per share for the quarter, beating the consensus estimate of $5.98 by $0.09. FedEx had a return on equity of 16.34% and a net margin of 4.65%. The firm had revenue of $22.20 billion for the quarter, compared to analysts' expectations of $21.86 billion. During the same period in the prior year, the firm earned $5.41 EPS. On average, equities analysts forecast that FedEx will post 19.14 EPS for the current fiscal year.

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.

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