Announced |
Number of shares authorized |
January 2016 |
25 million |
September 2014 |
15 million |
October 2013 |
32 million |
March 2013 |
10 million |
From FY15 through FY20, FedEx returned over $9.8 billion to shareowners through repurchases and dividends, including an 8% reduction in outstanding shares and more than tripled the company’s quarterly dividend.
During the fourth quarter of 2020, we amended our amended and restated $2.0 billion five-year credit agreement and $1.5 billion 364-day credit agreement to, among other things, temporarily restrict us from repurchasing any shares of our common stock between May 27, 2020 and May 31, 2021.