FedEx stock headed for biggest one-day gain in 29 years after raising dividend more than 50% in agreement with activist investor
June 14, 2022 at 12:10 PM EDT
FedEx Corp. stock soared 13% Tuesday to put it on track for the biggest one-day gain in about 29 years, after the company raised its quarterly dividend by 53% as part of a new agreement with activist investor D.E. Shaw.
