FedEx (NYSE:FDX) this week declared plans to keep its dividend steady this quarter at $0.15 per share. This latest payout will be payable Oct. 13 to shareholders of record as of Sept. 10. The shipping company has paid this amount since last quarter, after increasing it 7%, from $0.14.
Annualized, FedEx's dividend adds up to $0.60 per share of common stock. The company's stock traded at $108.04 per share as of market close Aug. 15, which means its dividend currently yields 0.6%. So far in 2013, FedEx has seen its price per share rise by 17%.
Fool contributor Caroline Bennett has no position in any stocks mentioned. The Motley Fool recommends FedEx. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.