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.
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.