Today, FDX announced a 33.3% increase in its paltry dividend. They will now go up to .055% vs. UPS at 2.6%. Oddly, they choose to announce this just 9 days BEFORE their earnings call. Usually, most companies tend to make such an announcement after, or in some cases, during the call. I've been posting for sometime that expectations for FDX earning appear overblown. For example, the March, April and May Q they are about to report is expected by analysts to come in at $2.36 vs last year's $2.13. Next Q is supposed to rise from $1.53 to $1.97. Does current economic activity warrant this? Does ongoing customer selection os lower cost shipping options support this? The only way these numbers can be achieved is through the cost savings initiatives (staff cuts in express and tax benefits lowering the tax rate) from my perspective. Could this oddly timed dividend announcement be a precursor to a less than scintillating quarter Thoughts?