FedEx (FDX) Raises Quarterly Dividend 9.6% to $1.26; 2.2% Yield

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FedEx (FDX) Announces Planned Consolidation of Operating Companies, to Raise Dividend 10%

April 5, 2023 7:33 AM EDT

FedEx Corp. (NYSE: FDX) is announcing today at its DRIVE Investor Event that it will consolidate its operating companies into one organization, creating efficiencies that will enhance the company's ability to meet the evolving needs of customers and ultimately build a stronger, more profitable enterprise.

This phased transition, with full implementation expected in June 2024, will ultimately bring FedEx Express, FedEx Ground, FedEx Services, and other FedEx operating companies into... More