Expeditors International of Washington, Inc. (NASDAQ:EXPD) Plans $0.81 Dividend

Expeditors International of Washington, Inc. (NASDAQ:EXPD) declared a dividend on Tuesday, May 5th. Shareholders of record on Monday, June 1st will be given a dividend of 0.81 per share by the transportation company on Monday, June 15th. This represents a yield of 106.0%. The ex-dividend date is Monday, June 1st.

Expeditors International of Washington has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 31 years.

Expeditors International of Washington Stock Up 9.6%

NASDAQ:EXPD opened at $153.08 on Wednesday. Expeditors International of Washington has a 12 month low of $106.00 and a 12 month high of $167.19. The firm has a market cap of $20.36 billion, a price-to-earnings ratio of 26.76, a P/E/G ratio of 5.00 and a beta of 1.04. The company’s 50 day moving average is $145.25 and its 200-day moving average is $146.49.

Expeditors International of Washington (NASDAQ:EXPD) last released its quarterly earnings results on Tuesday, May 5th. The transportation company reported $1.71 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.38. Expeditors International of Washington had a net margin of 7.64% and a return on equity of 36.16%. During the same period last year, the business earned $1.47 EPS. The business’s revenue was up 4.4% on a year-over-year basis. Research analysts predict that Expeditors International of Washington will post 5.39 EPS for the current fiscal year.

Institutional Investors Weigh In On Expeditors International of Washington

A number of large investors have recently bought and sold shares of the business. State Street Corp grew its holdings in Expeditors International of Washington by 5.2% during the 3rd quarter. State Street Corp now owns 7,708,656 shares of the transportation company’s stock worth $945,004,000 after acquiring an additional 377,703 shares during the last quarter. First Eagle Investment Management LLC boosted its position in shares of Expeditors International of Washington by 0.5% in the 4th quarter. First Eagle Investment Management LLC now owns 6,312,305 shares of the transportation company’s stock worth $940,597,000 after purchasing an additional 32,063 shares during the last quarter. Marshfield Associates boosted its position in shares of Expeditors International of Washington by 4.6% in the 3rd quarter. Marshfield Associates now owns 1,942,740 shares of the transportation company’s stock worth $238,161,000 after purchasing an additional 86,182 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of Expeditors International of Washington by 64.1% in the 3rd quarter. Wellington Management Group LLP now owns 1,920,927 shares of the transportation company’s stock worth $235,486,000 after purchasing an additional 749,993 shares during the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Expeditors International of Washington by 733.9% in the 3rd quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,887,853 shares of the transportation company’s stock worth $231,432,000 after purchasing an additional 1,661,457 shares during the last quarter. 94.02% of the stock is currently owned by institutional investors.

About Expeditors International of Washington

Expeditors International of Washington is a global logistics and freight forwarding company headquartered in Seattle, Washington. The firm specializes in providing tailored supply chain solutions that encompass air, ocean and ground transportation. Through an integrated service model, Expeditors coordinates and manages the movement of goods for a diverse customer base, including manufacturers, retailers and technology companies.

The company’s core offerings include customs brokerage, cargo insurance, distribution and warehousing services, as well as vendor consolidation and inventory management.