MEMPHIS (dpa-AFX) - Package delivery giant FedEx Corp. (FDX) on Monday declared a quarterly cash dividend of $0.25 per share, payable on July 2 to shareholders of record on June 18.
'Increasing our dividend reinforces our commitment to drive value for shareowners,' said Alan Graf, Jr., executive vice president and chief financial officer of FedEx. 'Our balance sheet and cash flow generation are very strong, allowing us to strategically invest in long-term, profitable growth while also rewarding our shareowners by raising our dividend by 25 percent.'
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