<p><strong>聯邦快遞</strong>(FDX 3.14%) 是一家全球知名的物流巨頭。多年來，它一直是一隻安全的藍籌股。它不僅財務狀況強勁，持續盈利，而且還為投資者提供了具有吸引力的股息，目前的收益率為 2.5%——遠高於 <strong>標準普爾 500</strong> 的 1.2%。</p>
<p>然而，最近對其增長的擔憂有所增加。貿易戰和關税對企業造成了壓力，人們擔心美國及其他國家可能面臨經濟衰退。而且，經濟放緩已經對業務造成了影響。</p>
<p>鑑於聯邦快遞面臨的挑戰，您應該擔心它的股息嗎？</p>
<p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjMxMjQvcGVvcGxlLWxvYWRpbmctYS10cnVjay5qcGcmdz03MDA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjMxMjQvcGVvcGxlLWxvYWRpbmctYS10cnVjay5qcGcmdz03MDA"/></p>
<p>圖片來源：Getty Images。</p>
<h2>聯邦快遞最新數據解讀</h2>
<p>在 6 月 24 日，聯邦快遞發佈了截至 5 月 31 日的第四季度財報。該公司在財政年度結束時的收入總計為 222 億美元——與上一個財政年度的 221 億美元幾乎沒有變化。淨收入略有改善，從一年前的 14.7 億美元增加到過去一年的 16.5 億美元。</p>
<p>這並不是一個糟糕的表現，公司在最近一個季度的調整後每股收益（EPS）為 6.07 美元，超出了華爾街預期的 5.84 美元。公司的成本削減措施已經開始見效。</p>
<p>但對於當前的財政年度，聯邦快遞仍然不期望看到太多增長。它預計收入將持平或增長 2%，因為它仍在應對一些經濟挑戰。</p>
<h2>這對股息意味着什麼？</h2>
<p>聯邦快遞目前支付每季度 1.45 美元的股息，最近將其從幾個月前的 1.38 美元提高了 5%。這意味着在整整一年中，它每股向每位股東支付 5.80 美元。</p>
<p>以這個速度來看，股息支付相對安全。考慮到在最近一個季度，其調整後的每股收益已經超過了這個數字。在整整一年中，毫無疑問，它的收益將足夠強勁以支持這個水平的股息。聯邦快遞的股息支付比率約為 33%，這不僅是可持續的，而且為公司繼續提高股息留出了很大的空間。</p>
<p>除非公司的收益大幅下滑——而且沒有理由相信這會在短期內發生——否則今天對其股息不必過於擔憂。</p>
<h2>您應該投資聯邦快遞股票嗎？</h2>
<p>聯邦快遞近年來一直在努力增長，但這在很大程度上是由於經濟挑戰，這些挑戰可能不會長期持續。這仍然是一家值得信賴的物流公司，應該會從電子商務和國際貿易的持續增長中受益。雖然可能需要一些時間和耐心，但這不是我會反對的股票，因為它擁有強大的品牌和廣泛的網絡，並且在強勁經濟增長中處於良好位置。</p>
<p>雖然其短期前景可能看起來不佳，但現在在低迷時買入這隻股票可能是個好選擇。儘管您可能對今年 19% 的價值下跌感到擔憂（截至 6 月 27 日的回報），但該公司的基本面依然穩固，尤其是在它繼續專注於提高效率和降低成本的情況下。</p>
<p>以僅 12 倍的預估未來收益交易，這可以是一隻值得長期持有的穩定收益股票。</p>

聯邦快遞

<p>聯邦快遞是一家知名的物流公司，提供 2.5% 的股息收益率，高於標準普爾 500 指數的 1.2%。儘管面臨包括貿易戰和潛在經濟衰退在內的經濟挑戰，聯邦快遞報告稱其淨收入略微增加至 16.5 億美元，收入保持穩定在 222 億美元。該公司最近將季度股息提高至 1.45 美元，表明其可持續的派息比率約為 33%。雖然預計增長將保持平穩至 2%，但聯邦快遞的基本面依然強勁，使其在近期股價下跌的情況下仍然成為一個潛在的良好投資</p>

<p><strong>FedEx</strong>(FDX 3.14%) is a logistics giant that's known all around the world. It's been a safe, blue chip stock to own over the years. Not only does it have strong financials and post consistent profits, but it also offers investors an attractive dividend, which currently yields 2.5% -- much higher than the <strong>S&amp;P 500</strong>'s 1.2% payout.</p>
<div class="lb-trans"><p><strong>聯邦快遞</strong>(FDX 3.14%) 是一家全球知名的物流巨頭。多年來，它一直是一隻安全的藍籌股。它不僅財務狀況強勁，持續盈利，而且還為投資者提供了具有吸引力的股息，目前的收益率為 2.5%——遠高於 <strong>標準普爾 500</strong> 的 1.2%。</p>
</div><p>There have, however, been concerns of late about its growth. Trade wars and tariffs are weighing on businesses, and the worry is that a recession may be on the horizon in not only the U.S., but in other countries as well. And a slowdown has already been taking a toll on the business.</p>
<div class="lb-trans"><p>然而，最近對其增長的擔憂有所增加。貿易戰和關税對企業造成了壓力，人們擔心美國及其他國家可能面臨經濟衰退。而且，經濟放緩已經對業務造成了影響。</p>
</div><p>Given the challenges FedEx is facing, should you be worried about its dividend?</p>
<div class="lb-trans"><p>鑑於聯邦快遞面臨的挑戰，您應該擔心它的股息嗎？</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MjMxMjQvcGVvcGxlLWxvYWRpbmctYS10cnVjay5qcGcmdz03MDA" alt="" original-src="https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F823124%2Fpeople-loading-a-truck.jpg&amp;op=resize&amp;w=700"/></p>
<p>Image source: Getty Images.</p>
<div class="lb-trans"><p>圖片來源：Getty Images。</p>
</div><h2>What FedEx's latest numbers say</h2>
<div class="lb-trans"><h2>聯邦快遞最新數據解讀</h2>
</div><p>On June 24, FedEx posted its fourth-quarter earnings numbers for the period ended May 31. The company finished the fiscal year with revenue totaling $22.2 billion -- nearly unchanged from the $22.1 billion it posted in the previous fiscal year. Net income improved slightly, from $1.47 billion a year ago to $1.65 billion this past year.</p>
<div class="lb-trans"><p>在 6 月 24 日，聯邦快遞發佈了截至 5 月 31 日的第四季度財報。該公司在財政年度結束時的收入總計為 222 億美元——與上一個財政年度的 221 億美元幾乎沒有變化。淨收入略有改善，從一年前的 14.7 億美元增加到過去一年的 16.5 億美元。</p>
</div><p>It wasn't a bad performance at all, and the company beat expectations for the most recent quarter as adjusted earnings per share (EPS) of $6.07 came in higher than Wall Street estimates of $5.84. The company's cost-cutting efforts have been paying off.</p>
<div class="lb-trans"><p>這並不是一個糟糕的表現，公司在最近一個季度的調整後每股收益（EPS）為 6.07 美元，超出了華爾街預期的 5.84 美元。公司的成本削減措施已經開始見效。</p>
</div><p>But for the current fiscal year, FedEx still doesn't expect to see a lot of growth. It is projecting flat to 2% gain in revenue, as it's still bracing for some challenging economic headwinds.</p>
<div class="lb-trans"><p>但對於當前的財政年度，聯邦快遞仍然不期望看到太多增長。它預計收入將持平或增長 2%，因為它仍在應對一些經濟挑戰。</p>
</div><h2>What does this mean for the dividend?</h2>
<div class="lb-trans"><h2>這對股息意味着什麼？</h2>
</div><p>FedEx currently pays a quarterly dividend of $1.45, which it recently increased by 5% from the $1.38 it was paying just a few months ago. This means that over the course of a full year, it's paying $5.80 per share to each shareholder.</p>
<div class="lb-trans"><p>聯邦快遞目前支付每季度 1.45 美元的股息，最近將其從幾個月前的 1.38 美元提高了 5%。這意味着在整整一年中，它每股向每位股東支付 5.80 美元。</p>
</div><p>At that rate, the payout looks fairly safe. Consider that in its most recent quarter, its adjusted EPS was already more than this figure. Over the course of a full year, there's little doubt that its earnings will be strong enough to support this level of dividends. FedEx's payout ratio is around 33%, which not only is sustainable, but leaves a lot of room for the company to continue raising its dividend.</p>
<div class="lb-trans"><p>以這個速度來看，股息支付相對安全。考慮到在最近一個季度，其調整後的每股收益已經超過了這個數字。在整整一年中，毫無疑問，它的收益將足夠強勁以支持這個水平的股息。聯邦快遞的股息支付比率約為 33%，這不僅是可持續的，而且為公司繼續提高股息留出了很大的空間。</p>
</div><p>Unless the company's earnings were to drastically nosedive -- and there's no reason to believe that will happen anytime soon -- there shouldn't be much concern about its dividend today.</p>
<div class="lb-trans"><p>除非公司的收益大幅下滑——而且沒有理由相信這會在短期內發生——否則今天對其股息不必過於擔憂。</p>
</div><h2>Should you invest in FedEx stock?</h2>
<div class="lb-trans"><h2>您應該投資聯邦快遞股票嗎？</h2>
</div><p>FedEx has been struggling to grow in recent years, but that is largely a result of economic challenges, which likely won't persist over the long term. This is still a trusted logistics company that should benefit from continued growth in e-commerce and international trade. It may take some time and patience, but this isn't a stock I'd bet against, as it has a strong brand and vast network, and it's in a good position to benefit from strong economic growth.</p>
<div class="lb-trans"><p>聯邦快遞近年來一直在努力增長，但這在很大程度上是由於經濟挑戰，這些挑戰可能不會長期持續。這仍然是一家值得信賴的物流公司，應該會從電子商務和國際貿易的持續增長中受益。雖然可能需要一些時間和耐心，但這不是我會反對的股票，因為它擁有強大的品牌和廣泛的網絡，並且在強勁經濟增長中處於良好位置。</p>
</div><p>While its near-term prospects may not look great, this can be a good stock to buy on weakness right now. Although you may be concerned about the 19% drop in value this year (returns as of June 27), the business' fundamentals remain solid, especially as it continues to focus on efficiency and driving costs down.</p>
<div class="lb-trans"><p>雖然其短期前景可能看起來不佳，但現在在低迷時買入這隻股票可能是個好選擇。儘管您可能對今年 19% 的價值下跌感到擔憂（截至 6 月 27 日的回報），但該公司的基本面依然穩固，尤其是在它繼續專注於提高效率和降低成本的情況下。</p>
</div><p>Trading at just 12 times its estimated future earnings, this can be a solid income-generating stock to hang on to for the long haul.</p>
<div class="lb-trans"><p>以僅 12 倍的預估未來收益交易，這可以是一隻值得長期持有的穩定收益股票。</p>
</div>

聯邦快遞的高收益股息是否穩妥？