LONDON, UK / ACCESSWIRE / June 21, 2018 /Active-Investors has a free review on FedEx Corp. (NYSE: FDX) following the Company's announcement that it will begin trading ex-dividend on June 22, 2018. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on June 21, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on FDX:

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Dividend Declared

On June 12, 2018, FedEx's Board of Directors declared a quarterly cash dividend of $0.65 per share on its common stock, with the dividend 30% higher compared to its earlier dividend of $0.50 per share. The dividend is payable July 09, 2018, to stockholders of record at the close of business on June 25, 2018.

FedEx's indicated dividend represents a yield of 0.99% compared to the average dividend yield of 1.88% for the Services sector. The Company has raised its dividend for eight years in a row.

Dividend Insights

FedEx has a dividend payout ratio of 17.2%, which indicates that the Company spends approximately $0.17 for dividend distribution out of every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.

According to analysts' estimates, FedEx is forecasted to report earnings of $17.41 per share for the next year, which is more than five times higher than the Company's annualized dividend payout of $2.60 per share.

As of February 28, 2018, FedEx's cash and cash equivalents totaled $2.79 billion compared to $3.97 billion as of May 31, 2017. For the nine months ended February 28, 2018, the Company's cash provided by operating activities was $1.16 billion compared to $2.65 billion for the year ago same period. The Company's strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.

About FedEx Corp.

FedEx provides customers and businesses worldwide with a broad portfolio of transportation, ecommerce, and business services. With annual revenues of $64 billion, the Company offers integrated business solutions through operating companies competing collectively and managed collaboratively, under the respected FedEx brand.

FedEx was founded in 1971 and is headquartered in Memphis, Tennessee.

Stock Performance Snapshot

June 20, 2018 - At Wednesday's closing bell, FedEx's stock dropped 2.69%, ending the trading session at $251.43.

Volume traded for the day: 3.79 million shares, which was above the 3-month average volume of 1.59 million shares.

Stock performance in the last three-month - up 0.97%; previous six-month period - up 3.94%; past twelve-month period - up 20.33%; and year-to-date - up 0.76%

After yesterday's close, FedEx's market cap was at $66.26 billion.

Price to Earnings (P/E) ratio was at 20.63.

The stock has a dividend yield of 1.03%.

The stock is part of the Services sector, categorized under the Air Delivery & Freight Services industry. This sector was up 0.6% at the end of the session.

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