FedEx Corp. has increased its annual dividend by 5% following a one-time adjustment linked to the spin-off of FedEx Freight, signaling a commitment to stockholder value. The adjustment sets the annualized dividend rate at $4.88 for the transition period from June 1, 2026, through Dec. 31, 2026. The Board of Directors declared a quarterly cash dividend of $1.22 per share on FedEx Corp. common stock.

The dividend is payable on July 7, 2026, to stockholders of record at the close of business on June 22, 2026. Claude F. Russ, enterprise vice president and interim CFO, emphasized that the increase and spin-off reflect a disciplined approach to capital allocation.

Dividend Details

The following table outlines the key dividend metrics declared by the Board:

FedEx Corp. provides transportation, e-commerce, and business services through a global network. The company aims to achieve carbon-neutral operations by 2040.

FedEx Corp. has elected Mark A. Edmunds to its Board of Directors, strengthening its governance with his extensive experience in financial and strategic oversight. Edmunds, a retired vice chairman and senior partner of Deloitte, brings 38 years of industry expertise to the logistics giant, where he will immediately assume leadership roles on key committees.

Edmunds will serve as Chair of the Audit and Finance Committee and as a member of the Cyber and Technology Oversight Committee. His appointment is effective immediately, following his election by the board.

Professional Background

During his tenure at Deloitte, Edmunds held several leadership positions, including U.S. leader of Energy/Utilities and West Region managing partner. He also served on the U.S. Board of Directors, participating in the finance and global committees. His primary industry focus throughout his career was energy, utilities, and renewables.

Edmunds also possesses significant public company board experience. He is currently a member of the Westrock Coffee board of directors and previously served as a director for Chesapeake Energy from 2018 to 2021.

Board Assignments

The new director's committee assignments align with his core competencies in finance and technology oversight.

R. Brad Martin, executive chairman of the FedEx Board, expressed confidence in the new appointment. "We are excited to have Mark join the FedEx Corporation Board of Directors," Martin said. "His extensive background advising top-tier multinational organizations and his proven track record in financial and strategic governance will make him a vital asset to our board and our ongoing enterprise initiatives."