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September 01, 2020 1:43pm
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FedEx stock headed for biggest one-day gain in 29 years after raising dividend more than 50% in agreement with activist investor

FedEx Corp. stock soared 13% Tuesday to put it on track for the biggest one-day gain in about 29 years, after the company raised its quarterly dividend by 53% as part of a new agreement with activist investor D.E. Shaw.
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