Expeditors International of Washington (EXPD) will raise its semi-annual distribution by 5.0 percent to $0.42 per share in 2017. This follows double digit dividend increases in the previous two years by the supply chain solutions provider.
The new dividend is payable on June 15, 2017 to shareholders of record as of June 1, 2017.
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.