FedEx up 15% on 53% Dividend Raise
Also added Jim Vena, former COO of $UNP and $CNI (a couple of dividend-growers that have done alright over time), to its board, along with Amy Lane from Merrill Lynch's investment banking group.
I still really like the dividend potential $FDX has -- even after this significant bump.
The payout ratio should remain below 25-30% for 2022 and 2023, and EPS/FCF generation should continue to rise along with the company's improving margin profile.
They still need to execute on integrating their TNT acquisition and tiptoe through this market, but things look promising.
$FDX would pay $4.6 in dividends annually. If the price of the stock was $228, the yield would be 2%. Historically, that places FedEx's dividend near a historical high. I would be buying the stock right now if I had more cash. https://www.macrotrends.net/stocks/charts/FDX/fedex/dividend-yield-history
@dissectmarkets Both are held in my Dividends500 tracking portfolio on CAPS I believe and I also own a tiny bit of $LRCX personally.
I really like Lam’s niche and will add to it over time, but $AVGO I don’t know as much about other than it qualifies for the portfolio, which gives it a good head start. 😂