NEW YORK, N.Y. – FedEx is raising its quarterly dividend to 20 cents from 15 cents.
Companies often spend their cash on shareholder dividends or stock buybacks.
FedEx Corp. last raised its dividend by a penny, to 15 cents, a year ago.
The Memphis, Tennessee, company will pay its next dividend on July 3.
The company is also scheduled to release its quarterly financial report on June 18.