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Stock splits

Authorized Effective Type
09-25-78 09-26-78 2-for-1 Stock Split

Stock dividends

Declared Ex-Date Record Payable Result
03-18-99 04-13-99 04-15-99 05-06-99 2-for-1 Stock Split
10-01-96 10-11-96 10-15-96 11-04-96 2-for-1 Stock Split
09-09-83 N/A 10-07-83 10-31-83 2-for-1 Stock Split
09-29-80 N/A 10-10-80 10-31-80 2-for-1 Stock Split

Recent stock repurchase programs

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.