FedEx Stock To Go Ex-dividend Tomorrow (FDX)

NEW YORK ( TheStreet) -- The ex-dividend date for FedEx Corporation (NYSE: FDX) is tomorrow, March 7, 2014. Owners of shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $136.42 as of 9:50 a.m. ET, the dividend yield is 0.4%.

The average volume for FedEx has been 2.2 million shares per day over the past 30 days. FedEx has a market cap of $42.8 billion and is part of the services sector and transportation industry. Shares are down 4.7% year to date as of the close of trading on Wednesday.

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.

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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, solid stock price performance, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full FedEx Ratings Report.

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