FedEx (NYSE: FDX ) is gearing up to deliver a little more cash for its investors. The company has declared its latest quarterly dividend, which will be $0.15 per share of its common stock. This will be paid on July 1 to shareholders of record as of June 17. That amount is $0.01 higher than FedEx's previous four quarterly distributions of $0.14 apiece.
The company tends to raise its dividends in such an incremental manner. Lately, it has been doing so once per year.
The new dividend annualizes to $0.60 per share. That yields 0.6% at FedEx's most recent closing stock price of $97.70.