Expeditors Announces Semi-Annual Cash Dividend of $0.67

Rhea-AI Summary

Expeditors International of Washington (NASDAQ: EXPD) declared a semi-annual cash dividend of $0.67 per share on May 2, 2022. This dividend is payable on June 15, 2022 to shareholders of record as of June 1, 2022. Headquartered in Seattle, Washington, Expeditors operates with trained professionals across 176 district offices globally, offering a range of logistics services including air and ocean freight forwarding, customs brokerage, and warehousing solutions. This dividend payout reflects the company's commitment to delivering value to its shareholders.

Positive

• Semi-annual cash dividend of $0.67 demonstrates financial stability.

Negative

• None.

SEATTLE--(BUSINESS WIRE)-- Expeditors International of Washington, Inc. (NASDAQ: EXPD), today announced that on May 2, 2022 its Board of Directors declared a semi-annual cash dividend of $0.67 per share, payable on June 15, 2022 to shareholders of record as of June 1, 2022.

Expeditors is a global logistics company headquartered in Seattle, Washington. The Company employs trained professionals in 176 district offices and numerous branch locations located on six continents linked into a seamless worldwide network through an integrated information management system. 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220503006114/en/

Jeffrey S. Musser

President and Chief Executive Officer

(206) 674-3433

Bradley S. Powell

Senior Vice President and Chief Financial Officer

(206) 674-3412

Geoffrey Buscher

Director - Investor Relations

(206) 892-4510

Source: Expeditors International of Washington, Inc.

FAQ

What is the dividend amount declared by EXPD in May 2022?

Expeditors declared a cash dividend of $0.67 per share.

When will the EXPD dividend be paid?

The EXPD dividend will be paid on June 15, 2022.

What is the record date for the EXPD dividend?

The record date for the EXPD dividend is June 1, 2022.

How often does EXPD pay dividends?

Expeditors typically pays dividends semi-annually.

Is the EXPD dividend sustainable?

The sustainability of the EXPD dividend would depend on the company's ongoing financial performance.