FedEx raises dividend to 20 cents from 15 cents

AP News
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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.

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