The earnings conference call for FedExs fourth quarter of fiscal year 2024 is scheduled for today at 400 PM Central Time.

FedExs market cap as of June 2024 is 63.12 billion, placing it as the 287th most valuable company globally by market cap, according to companiesmarketcap.com data.

As of June 24, 2024, the exdividend date for FedEx, the annual dividend stands at 5.52, reflecting a dividend yield of 2.15. The company maintains a quarterly payout frequency with a payout ratio of 31.89. Over the past three years, FedEx has shown a dividend growth rate of 9.55. Additionally, the buyback yield is 0.99, contributing to a shareholder yield of 3.14.

Recent Development At FedEx

Here are recent developments at FedEx

FedEx grants over 230,000 to 10 small businesses.

FedEx introduces the NIL program for University of Memphis studentathletes.

Karen Blanks Ellis appointed as FedExs new Chief Sustainability Officer.

FedEx initiated discussions on reducing workforce in Europe.

FedEx issues statement on USPS contract expiration.

Recap of Q3 FY2024 FedEx Earnings Report

On March 21, 2024, FedEx Corp. NYSE FDX announced its consolidated financial results for the third quarter ending February 29. For Fiscal 2024, the company reported revenue of 21.7 billion, operating income of 1.24 billion, an operating margin of 5.7, net income of 879 million, and diluted EPS of 3.51. Adjusted nonGAAP results showed 21.7 billion in revenue, 1.36 billion in operating income, a 6.2…