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.
Fool contributor Eric Volkman has no position in FedEx. 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.