Announced today that its Board of Directors has approved a 10% increase in the annual dividend rate on FedEx Corp. common stock, raising it by $0.48 per share to $5.52 per share for fiscal 2025. This decision aligns with the company’s ongoing commitment to delivering value to its shareholders. Additionally, the Board declared a quarterly cash dividend of $1.38 per share on FedEx Corp. common stock, payable on July 9, 2024, to shareholders of record as of June 24, 2024.
John W. Dietrich, Executive Vice President and Chief Financial Officer of FedEx Corp., emphasized, “We remain dedicated to enhancing value for our shareholders. This dividend increase underscores our disciplined capital allocation strategy, which also encompasses share repurchases and strategic investments in our operations.”
FedEx Corp. (NYSE: FDX) serves customers and businesses worldwide with a comprehensive range of transportation, e-commerce, and business services. With an annual revenue of $88 billion, the company leverages its adaptable, efficient, and intelligent global network to offer integrated business solutions. Recognized consistently among the world’s most admired and trusted employers, FedEx motivates its workforce of over 500,000 employees to prioritize safety, uphold the highest ethical and professional standards, and cater to the needs of customers and communities alike. Committed to fostering connections and opportunities globally in a responsible and resourceful manner, FedEx aims to achieve carbon-neutral operations by 2040. For further information, please visit fedex.com/about.
This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may pertain to management’s perspectives regarding future events and financial performance, as well as underlying assumptions. Forward-looking statements are subject to risks, uncertainties, and other factors that could lead to actual results differing materially from historical experience or future results expressed or implied by such statements. Potential risks and uncertainties, along with additional information, can be found in FedEx Corp.’s press releases and filings with the Securities and Exchange Commission. Any forward-looking statement is valid only as of the date on which it is made, and we undertake no obligation to update or revise any such statement, whether due to new information, future events, or other factors.
