FedEx Corp announced a 5% increase in its annual dividend rate following the spin-off of FedEx Freight. The new annualized dividend of $4.88 applies from June through December 2026, with a quarterly cash dividend of $1.22 per share payable July 7. Interim CFO Claude F. Russ said the increase and the Freight separation reflect a disciplined capital allocation strategy. FedEx also completed the separation of FedEx Freight Holding Company, which now trades independently on the NYSE, with shareholders receiving one Freight share for every two FedEx shares held. Additionally, Mark A. Edmunds, former Deloitte vice chairman, was appointed to the FedEx board.
FedEx CorporationFedEx raises dividend 5% and completes Freight spin-off, reflecting disciplined capital allocation.
FedEx Freight Holding Company, Inc.FedEx Freight begins trading independently on NYSE after spin-off, unlocking shareholder value.