By Maria Armental
FedEx Corp. boosted its quarterly dividend by 25% as it seeks to
increase returns to shareholders amid an acquisition push.
The 25-cent dividend will be paid out on July 2.
The world's largest international air shipping company by
revenue has reported better results in recent quarters, following
cost-cutting at its largest segment, air express, and bolstered by
lower fuel costs.
In April, FedEx agreed to buy Dutch package-delivery company TNT
Express NV for $4.8 billion. If the merger were completed, FedEx
would become the region's third-largest international
express-delivery package carrier, behind DHL and United Parcel
Service Inc.
FedEx shares closed at $179.89 on Monday, up 26% over the past
12 months.
Write to Maria Armental at maria.armental@wsj.com
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