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

Key Points

• Expeditors declared a $0.81-per-share dividend, payable December 15 to shareholders of record December 1; the company has raised its dividend annually for 31 years.
• In its latest quarter, the company reported EPS of $2.65, beating analyst estimates of about $2.22, while revenue increased 41.9% year over year.
• Shares opened at $204.24, near their 12-month high of $206.23.

Expeditors International of Washington, Inc. (NASDAQ:EXPD - Get Free Report) announced a dividend on Monday, November 2nd. Investors of record on Tuesday, December 1st will be given a dividend of $0.81 per share by the transportation company on Tuesday, December 15th. This represents a yield of 79.0%. The ex-dividend date of this dividend is Tuesday, December 1st.

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

Expeditors International of Washington Trading Up 1.8%

EXPD stock opened at $204.24 on Wednesday. Expeditors International of Washington has a 12-month low of $128.10 and a 12-month high of $206.23. The business's 50-day moving average is $192.30 and its 200 day moving average is $167.46. The stock has a market cap of $26.55 billion, a price-to-earnings ratio of 35.71, a PEG ratio of 5.00 and a beta of 1.07.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last announced its earnings results on Tuesday, November 3rd. The transportation company reported $2.65 EPS for the quarter, beating analysts' consensus estimates of $2.22 by $0.43. Expeditors International of Washington had a return on equity of 36.16% and a net margin of 7.64%. The firm's revenue was up 41.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.64 earnings per share. As a group, equities analysts forecast that Expeditors International of Washington will post 5.39 EPS for the current fiscal year.

Trending Headlines about Expeditors International of Washington

Here are the key news stories impacting Expeditors International of Washington this week:

• Positive Sentiment: Q3 results topped expectations: Expeditors reported EPS of $2.65, versus consensus estimates around $2.22–$2.24. Revenue rose 42% year over year to $4.1 billion, while EPS increased 62%. Stronger airfreight demand, recovering ocean volumes and customs activity supported the results. Expeditors Q3 results
• Positive Sentiment: Analyst targets moved higher: UBS raised its price target to $245 from $220, and Baird lifted its target to $210 from $200, signaling improved expectations after the results. UBS price target update
• Positive Sentiment: Dividend declared: The company announced a semi-annual cash dividend of $0.81 per share, payable December 15 to shareholders of record December 1. Dividend announcement
• Neutral Sentiment: Valuation remains a consideration: Commentary describes the shares as potentially fairly valued while AI-related freight demand builds. Strong earnings and demand are encouraging, but valuation may temper further upside. Expeditors valuation and AI demand

Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc is a global logistics company headquartered in Seattle, Washington. The company provides freight forwarding, transportation, customs brokerage and supply chain management services for businesses that move goods internationally.

Its services include airfreight and ocean-freight forwarding, customs clearance, warehousing and distribution, cargo insurance, order management, and other logistics solutions. Expeditors coordinates shipments through a worldwide network of offices and service providers, helping customers manage international trade requirements and supply chain operations.

Founded in 1979, Expeditors serves customers across North America, Europe, Asia-Pacific, Latin America, the Middle East and Africa.

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