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FedEx Archives: 2002 Press Releases

( BW)(TN-FEDEX)(FDX) FedEx Board Declares Quarterly Dividend

Business Editors

MEMPHIS, Tenn.--(BUSINESS WIRE)--Aug. 16, 2002--The Board of Directors of FedEx Corporation (NYSE:FDX) today declared a quarterly cash dividend of $0.05 per share on FedEx Corporation common stock. The dividend is payable October 1, 2002, to stockholders of record at the close of business on September 9, 2002.

With annual revenues of $21 billion, FedEx Corp. is the premier global provider of transportation, e-commerce and supply chain management services. The company offers integrated business solutions through a network of subsidiaries operating independently, including: FedEx Express, the world's largest express transportation company; FedEx Ground, North America's second largest provider of small-package ground delivery service; FedEx Freight, the largest U.S. provider of regional less-than-truckload freight services; FedEx Custom Critical, North America's largest provider of expedited time-critical shipments; and FedEx Trade Networks, a provider of customs clearance, international freight forwarding and trade facilitation.

    --30--KO/na*

    CONTACT: FedEx Corporation, Memphis
             Media Contact: Greg Rossiter, 901/818-7303
             or
             Investor Contact: Jim Clippard, 901/818-7468
             www.fedex.com

    KEYWORD: TENNESSEE
    INDUSTRY KEYWORD: TRANSPORTATION AIRLINES E-COMMERCE DIVIDEND
    SOURCE: FedEx Corporation