FedEx Stock To Go Ex-dividend Tomorrow (FDX)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- The ex-dividend date for FedEx Corporation (NYSE: FDX) is tomorrow, June 13, 2013. Owners of shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $98.34 as of 9:35 a.m. ET, the dividend yield is 0.6%.

The average volume for FedEx has been 2.8 million shares per day over the past 30 days. FedEx has a market cap of $31.26 billion and is part of the services sector and transportation industry. Shares are up 6.9% year to date as of the close of trading on Tuesday.

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 17.3, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates FedEx as a buy. 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, reasonable valuation levels, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full FedEx Ratings Report.

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