FedEx raises dividend to 20 cents from 15 cents

AP News
Posted: Jun 09, 2014 4:54 PM

NEW YORK (AP) — FedEx is raising its quarterly dividend to 20 cents from 15 cents.

Companies often spend their cash on shareholder dividends or stock buybacks.

FedEx Corp. last raised its dividend by a penny, to 15 cents, a year ago.

The Memphis, Tennessee, company will pay its next dividend on July 3.

No More Hope for Democrats
Jeff Crouere

The company is also scheduled to release its quarterly financial report on June 18.