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FedEx Increases Quarterly Dividend by a Penny

FedEx announced Monday that its board raised the quarterly dividend to 12 cents a share from 11 cents.

The dividend will be paid July 1 to stockholders of record at the close of business on June 17.

Shares of the company rose slightly in after-hours trading Monday. It closed at $76.52 a share during the regular New York Stock Exchange session.