FedEx Stock To Go Ex-dividend Tomorrow (FDX)

NEW YORK (TheStreet) -- The ex-dividend date for FedEx Corporation (NYSE:FDX) is tomorrow, June 15, 2011. Owners of shares as of market close today will be eligible for a dividend of 13 cents per share. At a price of $87.34 as of 9:32 a.m. ET, the dividend yield is 0.6%.

The average volume for FedEx has been 2.4 million shares per day over the past 30 days. FedEx has a market cap of $27 billion and is part of the services sector and transportation industry. Shares are down 7.6% year to date as of the close of trading on Monday.

FedEx Corporation provides transportation, e-commerce, and business services in the United States and internationally. It operates in four segments: FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services. The company has a P/E ratio of 20.6, equal to the average transportation industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates FedEx as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, poor profit margins and weak operating cash flow. You can view the full FedEx Ratings Report.

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