Out of the gate, the stock exploded from about $170 to $230.69 so far this year.  Now, if it can break resistance around $240 a share.  If it can, $250 may not be far behind.  Helping, Director Amy Lane bought 830 shares of the FDX stock for $193,300.  Better, the company recently crushed earnings.

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It also announced a dividend hike. In fact, the Board just approved an increase in the annual dividend rate on its common stock of 10%, or $0.44 per share, to $5.04 per share for fiscal 2024. The Board declared a quarterly cash dividend of $1.26 per share. It’s payable July 3, 2023 to stockholders of record at the close of business on June 12, 2023.


Ian Cooper