Why FEDEX CORP (NYSE:FDX) qualifies as a good dividend investing stock.

FEDEX CORP (NYSE:FDX) is a hidden gem unveiled by our stock screening tool, featuring a promising dividend outlook alongside solid fundamentals. NYSE:FDX demonstrates decent financial health and profitability while ensuring a sustainable dividend. Let's break it down further.

What does the Dividend looks like for NYSE:FDX

ChartMill assigns a Dividend Rating to every stock. This score ranges from 0 to 10 and evaluates the different dividend aspects, including the yield, the growth and sustainability. NYSE:FDX scores a 7 out of 10:

• FDX's Dividend Yield is rather good when compared to the industry average which is at 3.82. FDX pays more dividend than 83.33% of the companies in the same industry.
• The dividend of FDX is nicely growing with an annual growth rate of 14.41%!
• FDX has paid a dividend for at least 10 years, which is a reliable track record.
• FDX has not decreased their dividend for at least 10 years, which is a reliable track record.
• FDX pays out 33.49% of its income as dividend. This is a sustainable payout ratio.

Health Assessment of NYSE:FDX

A critical element of ChartMill's stock evaluation is the Health Rating, which spans from 0 to 10. This rating considers multiple health factors, including liquidity and solvency, both in absolute terms and relative to industry peers. NYSE:FDX has received a 5 out of 10:

• FDX has a better Altman-Z score (2.55) than 66.67% of its industry peers.
• FDX has a better Debt to FCF ratio (7.57) than 66.67% of its industry peers.
• FDX has a Current ratio of 1.23. This is in the better half of the industry: FDX outperforms 62.50% of its industry peers.
• Looking at the Quick ratio, with a value of 1.19, FDX is in the better half of the industry, outperforming 62.50% of the companies in the same industry.

Assessing Profitability for NYSE:FDX

ChartMill's Profitability Rating offers a unique perspective on stock analysis, providing scores from 0 to 10. These ratings consider a wide range of profitability metrics and margins, both in comparison to industry peers and on their own merits. For NYSE:FDX, the assigned 7 is a significant indicator of profitability:

• With a decent Return On Assets value of 4.54%, FDX is doing good in the industry, outperforming 79.17% of the companies in the same industry.
• FDX has a better Return On Equity (14.67%) than 83.33% of its industry peers.
• FDX's Return On Invested Capital of 6.07% is fine compared to the rest of the industry. FDX outperforms 75.00% of its industry peers.
• The Profit Margin of FDX (4.44%) is better than 83.33% of its industry peers.
• FDX's Profit Margin has improved in the last couple of years.
• Looking at the Operating Margin, with a value of 6.65%, FDX belongs to the top of the industry, outperforming 83.33% of the companies in the same industry.
• With an excellent Gross Margin value of 70.74%, FDX belongs to the best of the industry, outperforming 95.83% of the companies in the same industry.

Every day, new Best Dividend stocks can be found on ChartMill in our Best Dividend screener.

Our latest full fundamental report of FDX contains the most current fundamental analsysis.

Keep in mind

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.