FedEx declares $1.15 quarterly dividend, in line with previous

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FedEx ($NYSE:FDX) has declared a quarterly dividend of $1.15 per share, in line with its previous dividend. This gives a forward yield of 2.01%. It is not yet clear how this will affect FedEx’s market and earnings in the long term. However, it is possible that the dividend will attract more investors to the company, which could boost its share price. Alternatively, the company may use some of its profits to reinvest in its business, which could also have a positive effect on its long-term prospects.

Market Reaction

On Friday, FedEx Corporation (FDX) announced that it would be paying a quarterly dividend of $1.15 per share, in line with its previous dividend payments. This news caused the stock to open at $230.1 and close at $230.7, up slightly by 0.6% from its prior closing price of $229.2.

VI Analysis

The company’s fundamentals reflect its long term potential. The following is a simplified analysis of FedEx using the VI app. Based on the VI Star Chart, FedEx has an intermediate health score of 6/10 considering its cash flows and debt. It may be able to pay off debt and fund future operations. FedEx is strong in dividend, growth, and medium in asset, profitability. FedEx is classified as a ‘cheetah’, a type of company that achieved high revenue or earnings growth but is considered less stable due to lower profitability. High growth companies are deemed more volatile as they attempt to grow faster.

Summary

On the news, shares of FedEx rose 0.6% the following day.