Expeditors International of Washington (EXPD) will raise its semi-annual dividend by 11.1 percent to $0.40 per share in 2016. This follows a 12.5 percent dividend increase by the supply chain solutions provider last year.
Expeditors International of Washington, Inc. is a global logistics company headquartered in Seattle, Washington. The company employs trained professionals in district offices and branch locations on six continents. Services include the consolidation or forwarding of air and ocean freight, customs brokerage, vendor consolidation, cargo insurance, time-definite transportation, order management, warehousing and distribution and customized logistics solutions. As a service-based company, EXPD doesn’t own aircraft, ships, or trucks. The company was founded in 1979.