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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 690.64+1.9%Feb 6 4:00 PM EST

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To: Johnny Canuck who wrote (46173)6/8/2010 6:48:56 PM
From: Johnny Canuck  Read Replies (1) of 70611
 
U.S. Equities
FedEx Delivers More Cash To Shareholders
MarketNewsVideo.com , 06.08.10, 05:25 PM EDT
Delivery company ups dividend.


After the bell Monday, FedEx declared its quarterly dividend of 12 cents per share, an increase of about 9% over its prior dividend. Based on the current stock price, investors can expect a yield of about 0.6% going forward.

Shares of FedEx ( FDX - news - people ) were trading close to even on the news, down just 0.2%.

Yahoo! BuzzIn other dividend news, MasterCard ( MA - news - people ) maintained its quarterly dividend of 15 cents per share. Staples ( SPLS - news - people ) maintained its quarterly dividend of 9 cents per share. Equity Residential ( EQR - news - people ) maintained its quarterly dividend of 33.75 cents per share. And SL Green Realty ( SLG - news - people ) maintained its quarterly dividend of 10 cents per share.

[Johnny- FEDX must be seeing stabliity and the signs of a recovery if they are raising the dividend. Their profits are tied to the volume of products shipped by it documents or actual products. An increase in volume indicates an increase in economic activity.]
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