FedEx (FDX) Raises Quarterly Dividend 53.3% to $1.15; 2.3% Yield

Baird Remains Buyers of FedEx (FDX) Following Favorable Strategy Shifts

Baird analyst Garrett Holland reiterated an Outperform rating and $300.00 price target on FedEx (NYSE: FDX) after the company announced a 53% dividend hike and deal with D.E. Shaw to add two to the board, with a third later.

The analyst commented, "The announcement of... More

Morgan Stanley Unenthusiastic on FedEx (FDX): 'none of this addresses the real pressures facing the business'

Morgan Stanley analyst Ravi Shanker reiterated an Equalweight rating and $245.00 price target on FedEx (NYSE: FDX).

The analyst comments "W. While the market may welcome todays shareholder friendly actions, in our view none of this addresses the real pressures facing the business. A massive boost to cash return risks capitalizing pandemic gains that we think are highly likely to mean revert in... More

Citi on FedEx (FDX), 'see solid upside beyond today’s move'

Citi analyst Christian Wetherbee reiterated a Buy rating and $270.00 price target on FedEx (NYSE: FDX).

The analyst comments "Ending several months of market discussion, FedEx announced an agreement with DE Shaw which includes the nomination of two new directors, a change in... More

FedEx (FDX) Has New Day Dawning says Stephens

Stephens maintains Overweight on FedEx (NYSE: FDX), PT $285.00.

Analyst Jack Atkins comments "FedEx announced that it has reached a cooperation agreement with activist investor D.E. Shaw which will add three new investors to its Board of Directors, including... More

FedEx (FDX) Climbs 8% After Hiking Dividend 53%

FedEx (NYSE: FDX) Climbs 8% After Hiking Dividend 53%

FedEx (FDX) Increases Quarterly Dividend by More Than 50%, Appoints Amy B. Lane and V. James Vena to Board of Directors

FedEx Corporation (NYSE: FDX) today announced a series of long-planned business and corporate governance actions consistent with the Companys efforts to drive long-term value creation for all stakeholders.

Raj Subramaniam, FedEx Corp. President and Chief Executive Officer, said, Through decades of investments, innovation, and expertise, we have built a global portfolio that serves as the foundation of our competitive advantage. Our focus is to build on this foundation and continue creating long-term value for our stockholders.

Dividend Increase

Following a detailed review, the FedEx Board of Directors declared a... More