FedEx Just Raised Its Dividend and Its Stock Is Jumping. Is a ‘New Day Dawning?’

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Updated June 14, 2022 9:19 am ET / Original June 14, 2022 9:00 am ET

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FedEx stock is soaring after the company announced a dividend increase. Spencer Platt/Getty Images

FedEx stock was soaring after the delivery company raised its dividend and said it would add three directors to its board in an agreement with activist investor DE Shaw.

FedEx stock has gained 8.8% to $218.66 at 9:16 a.m. Tuesday, while S&P 500 futures have risen 0.5% and Dow Jones Industrial Average futures have advanced 0.3%.

FedEx said…

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