FedEx Delivers A 33% Dividend Increase And Stronger Than Expected Earnings
FedEx reported higher-than-expected fourth quarter earnings and revenue Wednesday morning, attributing the strong quarter to a boost in ground shipping that was driven by the growth of e-commerce. Separately, the company also announced that it is increasing its dividend, news that, when paired with the better-than-expected earnings results, sent FedEx stock into positive territory in early Wednesday trading.
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