TJX Companies Inc TJX:NYSE

Last Price$65.47NYSE Previous Close - Last Trade as of 7:00PM ET 8/12/22

Today's Change+1.06(1.65%)
Bid (Size)$65.40 (3)
Ask (Size)$66.21 (5)
Day Low / High$63.99 - 65.50
Volume5.1 M

FedEx Lifts Dividend 53%, Adds Two Directors Under Deal With D. E. Shaw; Shares Rise

10:49AM ET 6/14/2022 MT Newswires
FedEx (FDX) on Tuesday increased its quarterly dividend by 53% and added two directors to its board as part of an agreement with hedge fund and stockholder D. E. Shaw.

The parcel delivery giant declared a cash dividend of $1.15 per share, up from its previous payout of $0.75 per share, payable July 11 to stockholders of record as of June 27.

The company also appointed Amy Lane and Jim Vena to its board, effective immediately, and said it will add a third independent director mutually agreed upon by FedEx and D. E. Shaw at a later date.

Lane currently serves as a director of NextEra Energy (NEE) and TJX Cos. (TJX), while Vena most recently served as a senior advisor to Union Pacific (UNP) chairman.

FedEx said Shirley Ann Jackson will retire from the board at the expiration of her term due to the company's mandatory retirement provisions.

FedEx shares were up 12% in recent trading.

Price: 226.14, Change: +25.16, Percent Change: +12.52