FedEx Just Raised Its Dividend. Is a ‘New Day Dawning?’

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FedEx stock is soaring after the company announced a dividend increase.

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FedEx stock was soaring after the delivery company raised its dividend and said it would add three directors to its board in an agreement with activist investor DE Shaw.

FedEx stock has gained 15% to $231.88 at 1:19 p.m. Tuesday, while S&P 500 futures have risen 0.2% and Dow Jones Industrial Average futures have declined 0.1%.

FedEx said…