FedEx
said it plans to boost its quarterly dividend by 10% in an otherwise quiet week for such announcements.
FedEx (ticker: FDX) declared a quarterly disbursement to $1.26 a share from $1.15 earlier this week. The increase brings the annualized dividend to $5.04 a share. The dividend is payable on July 3 to shareholders of record at the close of business on June 12.
The global shipper’s stock, which yields 2.2%, has a one-year return of 16% through April 6, including dividends, compared with minus 7% for the
S&P 500.
Elsewhere,
Constellation Brands
(STZ) said it will increase its quarterly dividend by 9 cents a share to 89 cents. That’s an increase of 11%.
The stock, which yields 1.6%, has a one-year return of minus 2%. The dividend is payable on May 18 to shareholders of record as of the close of business on May 4.
Meanwhile, a handful of large U.S. companies said this week they will maintain their quarterly dividends at current levels.
That includes
Starbucks
(SBUX) at 53 cents a share,
Citigroup
(C) at 51 cents, and
PNC Financial Services Group
(PNC) at $1.50.
Also maintaining their quarterly dividends were
Trane Technologies
(TT) at 75 cents a share,
Rockwell Automation
(ROK) at $1.18, and
Labcorp
(LH) at 72 cents.
Write to Lawrence C. Strauss at lawrence.strauss@barrons.com
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