FedEx freezes share buybacks, dividends under credit easing
An incoming plane makes its final approach at the FedEx hub in 2019. The company has frozen share buybacks and its dividend in new credit agreements. (Jim Weber/Daily Memphian)
FedEx said share repurchases and dividends will be frozen until May 31, 2021, under a credit agreement intended to provide more liquidity and financial flexibility during the COVID-19 pandemic.
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FedEx Corp. corporate dividends share repurchases Hermes credit agreementWayne Risher
Business news reporter, 43-year veteran of print journalism, 35-year resident of Memphis, University of Georgia alumnus and proud father and spouse of University of Memphis graduates.
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