Expeditors International of Washington (EXPD) will raise its semi-annual dividend by 4.0 percent to $0.52 per share in 2020. This marks the 27th consecutive year of dividend increases by EXPD. Last year the logistics company hiked its dividend by 11.1 percent.

The next dividend is payable on June 15, 2020 to shareholders of record as of June 1, 2020. The new annualized dividend rate of $1.04 per share yields 1.4% at a stock price of $75. Earlier this year Expeditors International was added to the S&P Dividend Aristocrats Index.

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. A dividend has been paid to shareholders every year since 1993.