FedEx Corporation
FDXIndustrials · Integrated Freight & Logistics · Stock · quarterly payer
Forward Yield
1.63%
Annual Dividend
$4.88
Payout Ratio
31%
5-Yr Growth
17.1%
Ex-Date
Sep 14, 2026
Frequency
Quarterly
Key facts about FDX's dividend
Data as of · Source: SmarterDividends data
- As of Oct 25, 2026, FedEx Corporation (FDX) has a forward dividend yield of 1.63%, based on an annual dividend of $4.88 per share and a share price of $298.72.
- As of Oct 25, 2026, FDX's dividend safety grade from SmarterDividends is A (94 out of 100), which rates the dividend as very safe.
- By SmarterDividends' count, FedEx Corporation (FDX) has raised its dividend for 5 consecutive years as of Oct 25, 2026.
- FDX has never cut its regular dividend in the payment history SmarterDividends has on record.
- FDX's most recent ex-dividend date was Sep 14, 2026, for a dividend of $1.22 per share.
- As of Oct 25, 2026, FDX pays out 31% of its trailing 12-month earnings as dividends (its payout ratio).
- FDX's dividend has grown at an average rate of 17.1% a year over the past five years.
- As of Oct 25, 2026, FDX's 1.63% yield is 14% below its five-year average yield of 1.90%.
- As of Oct 25, 2026, SmarterDividends' blended fair-value estimate for FDX is $298.73 per share, 0% above the $298.72 share price, so FDX screens as fairly valued.
- FedEx Corporation (FDX) pays its dividend quarterly, 4 times a year.
- FedEx Corporation (FDX) has raised its regular dividend 21 times and cut it 0 times across the 98 payments on record since 2002. Its most recent change was a 4.4% increase to $1.22 per share, going ex-dividend on Jun 22, 2026.
- FedEx (FDX) has declared its first higher dividend of the year in June in 4 of the last 5 years; its most recent raise, 4.4%, was declared on Jun 8, 2026.
Cite this page
SmarterDividends, "FDX Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 25, 2026, https://smarterdividends.com/stocks/FDX
Summary
As of Oct 25, 2026, FedEx Corporation (FDX) yields 1.63% ($4.88 a year per share), has a dividend safety grade of A (94/100) and has 5 consecutive years of dividend increases on record.
Is FDX a good dividend stock?
YesFedEx Corporation (FDX) pays a quarterly dividend yielding 1.63% ($4.88/yr), with 5 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- Never cut its dividend on record
- Comfortable payout ratio (31%)
- Strong 17.1% 5-yr dividend growth
- 61% total price return over 5 years
- Top-tier dividend safety score
Risks
- Single-stock concentration risk — diversify
Key Data
- Dividend Yield
- 1.63%
- Payout Ratio
- 31%
- Annual Dividend
- $4.88
- 5-Yr Avg Growth
- 17.1%
- Ex-Dividend Date
- Sep 14, 2026
- Years of Growth
- 5
- Frequency
- quarterly
- Beta
- 1.33
- Market Cap
- $70.7B
- P/E Ratio
- 16.1
- 5-Yr Total Return
- 61%
- 52-Week Range
- $196.86 – $345.37
- Dividend Safety
- A · 94/100
- Ever Cut?
- No
FDX dividend raises and cuts
FedEx Corporation (FDX) has raised its regular dividend 21 times and cut it 0 times across the 98 payments on record since 2002. Its most recent change was a 4.4% increase to $1.22 per share, going ex-dividend on Jun 22, 2026.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Jun 22, 2026 | Raise | $1.17 → $1.22 | +4.4% |
| Jun 23, 2025 | Raise | $1.11 → $1.17 | +5.1% |
| Jun 24, 2024 | Raise | $1.02 → $1.11 | +9.5% |
| Jun 9, 2023 | Raise | $0.927 → $1.02 | +9.6% |
| Jun 24, 2022 | Raise | $0.604 → $0.927 | +53.3% |
| Jun 25, 2021 | Raise | $0.524 → $0.604 | +15.4% |
| Jun 22, 2018 | Raise | $0.403 → $0.524 | +30.0% |
| Jun 20, 2017 | Raise | $0.322 → $0.403 | +25.0% |
| Jun 14, 2016 | Raise | $0.201 → $0.322 | +60.0% |
| Jun 16, 2015 | Raise | $0.161 → $0.201 | +25.0% |
| Jun 17, 2014 | Raise | $0.121 → $0.161 | +33.3% |
| Jun 13, 2013 | Raise | $0.113 → $0.121 | +7.1% |
Show all 21 changes since 2003
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Jun 14, 2012 | Raise | $0.105 → $0.113 | +7.7% |
| Jun 15, 2011 | Raise | $0.0967 → $0.105 | +8.3% |
| Jun 15, 2010 | Raise | $0.0886 → $0.0967 | +9.1% |
| Jun 11, 2008 | Raise | $0.0806 → $0.0886 | +10.0% |
| Jun 7, 2007 | Raise | $0.0725 → $0.0806 | +11.1% |
| Jun 8, 2006 | Raise | $0.0645 → $0.0725 | +12.5% |
| Jun 8, 2005 | Raise | $0.0564 → $0.0645 | +14.3% |
| Jun 8, 2004 | Raise | $0.0483 → $0.0564 | +16.7% |
| Dec 10, 2003 | Raise | $0.0403 → $0.0483 | +20.0% |
Frequently Asked Questions
Is FDX a good dividend stock?
Yes. FedEx Corporation (FDX) pays a quarterly dividend yielding 1.63% ($4.88/yr), with 5 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Is FDX undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, FDX's fair value is about $298.73 versus a $298.72 share price — so it looks fairly valued (+0% vs. fair value).
Is FDX's dividend safe?
FDX has a dividend-safety grade of A (94/100), based on its payout coverage, free-cash-flow, 5-year growth streak, a clean no-cut history, debt and yield-versus-history.
What is FDX's fair value?
Our blended fair-value estimate for FDX is about $298.73 per share, roughly 0% above the current $298.72 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is FDX a buy, hold, or sell?
We don't issue formal ratings, but on the data FDX screens as "yes" and fairly valued. FedEx Corporation (FDX) pays a quarterly dividend yielding 1.63% ($4.88/yr), with 5 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.
Will FDX cut its dividend?
FDX earns a dividend-safety grade of A (94/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does FDX pay a dividend?
Yes. FedEx Corporation pays a quarterly dividend of about $4.88 per share annually, a forward yield of roughly 1.63%.
What is FDX's dividend yield?
As of Oct 25, 2026, FDX's forward dividend yield is 1.63%, based on a $4.88 annual dividend and a $298.72 share price.
What is FDX's dividend per share?
As of Oct 25, 2026, FDX pays $4.88 per share per year, distributed on a quarterly basis.
What is FDX's dividend payout ratio?
As of Oct 25, 2026, FDX's payout ratio is 31% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.
How many years has FDX grown its dividend?
As of Oct 25, 2026, FDX has increased its dividend for 5 consecutive years.
When is the next FDX ex-dividend date?
As of Oct 25, 2026, FDX's next ex-dividend date hasn't been announced. The most recent was Sep 14, 2026, for $1.22 per share.
FDX Price — Last 12 Months
Daily close
Price Return
1 Year
+34%
3 Years
+43%
5 Years
+61%
52-Week Range
$196.86 – $345.37
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is FDX worth?
Fairly valuedmedium confidenceOur blended fair-value estimate for FedEx Corporation is $298.73 per share, versus a market price of $298.72. That implies the stock is roughly fairly priced.
Fair Value
$298.73
Current Price
$298.72
Gap
+0%
Margin of Safety
0%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 17.3% annual free-cash-flow growth. We model 12.0% — so the price already assumes faster growth than we think is likely.
Assumptions: 10.9% discount rate (CAPM), 12.0% growth for five years fading to 2.5% over the next five, $18.55 EPS, $4.88 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
FDX Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full FDX dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 14, 2026 | Oct 1, 2026 | $1.2200 | regular |
| Jun 22, 2026 | Jul 7, 2026 | $1.2200 | regular |
| Mar 9, 2026 | Apr 1, 2026 | $1.1684 | regular |
| Dec 15, 2025 | Jan 6, 2026 | $1.1684 | regular |
| Sep 8, 2025 | Oct 1, 2025 | $1.1684 | regular |
| Jun 23, 2025 | Jul 8, 2025 | $1.1684 | regular |
| Mar 10, 2025 | Apr 1, 2025 | $1.1120 | regular |
| Dec 9, 2024 | Jan 3, 2025 | $1.1120 | regular |
| Sep 9, 2024 | Oct 1, 2024 | $1.1120 | regular |
| Jun 24, 2024 | Jul 9, 2024 | $1.1120 | regular |
| Mar 8, 2024 | Apr 1, 2024 | $1.0153 | regular |
| Dec 8, 2023 | Jan 2, 2024 | $1.0153 | regular |
| Sep 8, 2023 | Oct 2, 2023 | $1.0153 | regular |
| Jun 9, 2023 | Jul 3, 2023 | $1.0153 | regular |
Income Calculator
At $4.88 / yr per share
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