(Reuters) -U.S. delivery firm FedEx Corp on Tuesday raised its quarterly dividend by more than 50% to $1.15 per share, sending its shares 10% higher in premarket trading.
The company also said it would add two directors – Amy Lane and Jim Vena – to its board as part of an agreement with hedge fund D.E. Shaw.
Vena most recently held the role of chief operating officer at Union Pacific, while Lane serves as a director of NextEra Energy Inc and TJX Companies Inc.
(Reporting by Nathan Gomes in Bengaluru; Editing by Aditya Soni)
