FedEx depreciates 0.41% with $223.9 as the low of the day

Today at a glance: grinding lower but with no clear-cut direction, the globally renowned shipping services company closed the session at $224.15 after forming a distinct $223.9 – $226.85 range.

• The day's trading volume totalled 907,819 shares — lower than the 21-day average of 1.40 million.
• FedEx discloses $1.15 per share dividend to be paid on Monday, April 3rd

Today's closing bell ended a trading session in which S&P 500 gained 1.3% and reached 4,205.45. FedEx ended the day at $224.15, doing worse than the Industrials sector which saw a 0.24% increase this session.

The globally renowned shipping services company has recovered 57.51% since descending to a significant low of $142.9 around 7 months ago. The S&P has been doing worse in 2022, it has been passing it by 18.11%. FedEx is currently trading with a market cap of $56.34 billion with an average daily volume of 1.40 million shares. FedEx is forecasted to generate revenues of $22.71 billion and EPS of $2.64.

FedEx disclosed a quarterly dividend of $1.15 per share on Friday, February 17th that was paid on Monday, April 3rd to all shareholders of record up until Monday, March 13th. Based on current prices, the company's decision thereby provides FedEx investors with an annual dividend yield of 2.05%.

On the other hand, positive performances could be seen by looking at other industrials stocks as Lockheed Martin traded at $448.45 after closing today's trading day at $442.83 (up 1.27%). Boeing was up 1.37%. General Electric was up 1.2%.