UPS's Woes Mirror FedEx's as Package Delivery Stocks Plunge

FedEx Stock Buybacks Boost Value, Dividend Income

In a move to boost shareholder value and income, FedEx Corporation (NYSE: FDX) has announced a significant stock buyback program. The company plans to repurchase up to $5 billion in common stock over the next two years, a move that is expected to benefit investors and drive long-term growth.

The buyback program, which was announced on March 25, will allow FedEx to return capital to shareholders while also reducing the number of outstanding shares. This, in turn, is expected to increase the company's earnings per share (EPS) and drive long-term value creation.

"We are committed to creating long-term value for our shareholders, and our stock buyback program is an important part of that strategy," said Raj Subramaniam, FedEx's Chief Financial Officer. "By returning capital to shareholders and reducing our outstanding shares, we are taking steps to increase our EPS and drive long-term growth."

In addition to the stock buyback program, FedEx also announced that it will increase its quarterly dividend by 10% to $0.95 per share. The dividend increase is effective immediately and marks the 22nd consecutive year in which FedEx has increased its dividend.

The dividend increase and stock buyback program are expected to benefit investors and drive long-term growth for FedEx. The company's stock has historically performed well when it has increased its dividend and repurchased shares, and this latest move is expected to continue that trend.

FedEx's stock buyback program is the latest in a series of moves by the company to drive long-term growth and create value for shareholders. In recent years, the company has also made significant investments in its operations, technology, and people, and has implemented a range of cost-saving initiatives to drive efficiency and reduce costs.

The company's efforts to drive growth and create value for shareholders have been recognized by investors and analysts alike. FedEx's stock has historically performed well, and the company has a strong track record of delivering long-term value to its shareholders.

In conclusion, FedEx's stock buyback program and dividend increase are expected to benefit investors and drive long-term growth for the company. The program is an important part of the company's strategy to create long-term value for shareholders and drive long-term growth.