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Why did FedEx stock rally today? Investors eyed the big dividend hike

Jun. 14, 2022 3:47 PM ETFedEx Corporation (FDX) StockBy: Clark Schultz, SA News Editor5 Comments

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FedEx Corporation (NYSE:FDX +14.5%) soared on Tuesday after the shipper boosted its quarterly dividend by more than 50% and added two directors to its board as part of an agreement with activist investor D.E. Shaw.

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