In an otherwise quiet week for such announcements, FedEx announced plans to increase its quarterly dividend by 10%.
FedEx (FDX) increased its quarterly dividend from $1.15 to $1.26 per share earlier this week. The annualized dividend now stands at $5.04 per share. The dividend is payable on July 3 to shareholders of record on June 12 at the close of business.
In an otherwise quiet week for such announcements, FedEx announced plans to increase its quarterly dividend by 10%.
FedEx (FDX) increased its quarterly dividend from $1.15 to $1.26 per share earlier this week. The annualized dividend now stands at $5.04 per share. The dividend will be paid on July 3 to shareholders of record at the close of business on July 3.
The global mailer’s stock, which is yielding 2.2%, has a year-to-year return of 16% through April 6, including dividends, compared to down 7% for the S&P 500.
Elsewhere, Constellation Brands (STZ) announced that it will increase its quarterly dividend by 9 cents per share to 89 cents. That’s an increase of 11%.
The stock, which is yielding 1.6%, has an annualized return of -2%. The dividend is payable on May 18 to shareholders of record as of the close of business on May 4.
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Meanwhile, a handful of large US companies announced this week that they will keep their quarterly dividends at current levels.
These include Starbucks (SBUX) at 53 cents a share, Citigroup (C) at 51 cents and PNC Financial Services Group (PNC) at $1.50.
Trane Technologies (TT) at 75 cents a share, Rockwell Automation (ROK) at $1.18 and Labcorp (LH) at 72 cents also maintained their quarterly dividends.
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Write to Lawrence C. Strauss at lawrence.strauss@barrons.com
