Is FedEx's High-Yielding Dividend Safe?
FedEx (NYSE: FDX) is a logistics giant that's known all around the world. It's been a safe, blue chip stock to own over the years. Not only does it have strong financials and post consistent profits, but it also offers investors an attractive dividend, which currently yields 2.5% -- much higher than the S 500's 1.2% payout.
There have, however, been concerns of late about its growth. Trade wars and tariffs are weighing on businesses, and the worry is that a recession may be on the horizon in not only the U.S., but in other countries as well. And a slowdown has already been taking a toll on the business.
Given the challenges FedEx is facing, should you be worried about its dividend?
Source Fool.com
Fedex Corp. Stock
€200.40
-1.400%
The stock is one of the favorites of our community with 62 Buy predictions and 2 Sell predictions.
With a target price of 287 € there is a positive potential of 43.21% for Fedex Corp. compared to the current price of 200.4 €.
