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

Key Points

• Expeditors declared a quarterly dividend of $0.81 per share, with an ex‑dividend and record date of June 1 and payment scheduled for June 15; the article reports a dividend yield of 106.0%.
• The company beat quarterly EPS estimates, reporting $1.71 versus $1.33 expected, with revenue up 4.4% year‑over‑year and analysts forecasting full‑year EPS of 5.39.
• Shares trade near $153 (52‑week range $106.00–$167.19) with a market cap of about $20.36B and a PE of 26.76, and roughly 94.02% of the stock is held by institutional investors.

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

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

Expeditors International of Washington Stock Performance

Shares of NASDAQ:EXPD opened at $153.08 on Wednesday. Expeditors International of Washington has a one year low of $106.00 and a one year high of $167.19. The company has a market capitalization of $20.36 billion, a PE ratio of 26.76, a price-to-earnings-growth ratio of 5.00 and a beta of 1.04. The stock has a fifty day moving average of $145.25 and a 200-day moving average of $146.49.

Expeditors International of Washington (NASDAQ:EXPD - Get Free Report) last posted its quarterly earnings data 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 quarter last year, the firm earned $1.47 earnings per share. The firm's revenue was up 4.4% compared to the same quarter last year. As a group, research analysts forecast that Expeditors International of Washington will post 5.39 EPS for the current fiscal year.

Institutional Trading of Expeditors International of Washington

Hedge funds and other institutional investors have recently modified their holdings of the company. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Expeditors International of Washington by 733.9% during the third 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 valued at $231,432,000 after acquiring an additional 1,661,457 shares in the last quarter. Southpoint Capital Advisors LP bought a new position in Expeditors International of Washington during the fourth quarter valued at approximately $201,164,000. Norges Bank bought a new position in Expeditors International of Washington during the fourth quarter valued at approximately $180,719,000. Balyasny Asset Management L.P. bought a new position in Expeditors International of Washington during the third quarter valued at approximately $113,194,000. Finally, Wellington Management Group LLP raised its holdings in Expeditors International of Washington by 64.1% during the third quarter. Wellington Management Group LLP now owns 1,920,927 shares of the transportation company's stock valued at $235,486,000 after buying an additional 749,993 shares in the last quarter. 94.02% of the stock is currently owned by hedge funds and other 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.

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