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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.


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