FedEx raises dividend by over 50%, adds two directors to board

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A FedEx Corp. courier prepares packages for delivery during Cyber Monday in the Diamond District neighborhood of New York, U.S., on Monday, Nov. 29, 2021.
Angus Mordant | Bloomberg | Getty Images

U.S. delivery firm FedEx on Tuesday raised its quarterly dividend by more than 50% to $1.15 per share, sending its shares 10% higher in premarket trading.

The company also said it would add two directors — Amy Lane and Jim Vena — to its board as part of an agreement with hedge fund D.E. Shaw.

Vena most recently held the role of chief operating officer at Union Pacific, while Lane serves as a director of NextEra Energy and TJX Companies.

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