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Benzinga
Benzinga
Business
Adam Eckert

Why Josh Brown Expects FedEx Stock To Go Even Higher

Josh Brown FedEx FDX

FedEx Corp (NYSE:FDX) is on pace for its best day since 1993 after the company announced actions to enhance shareholder value on Tuesday.

What Happened: FedEx raised its quarterly dividend from 75 cents per share to $1.15 per share. The company also added a total shareholder return performance metric to its executive compensation program and appointed Amy Lane and Jim Vena to its board.

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