DALLAS: FedEx Corp’s shares soared the most in almost 36 years after the courier hiked its dividend and announced board changes in coordination with activist investor DE Shaw & Co, a bold shakeup just two weeks into the tenure of new chief executive officer Raj Subramaniam.
The quarterly dividend will jump 53% to US$1.15 (RM5.09) per share, the Memphis, Tennessee-based company said in a statement.
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