Expeditors Rewards Shareholders With 5.5% Dividend Hike

Core Viewpoint - Expeditors International of Washington, Inc. (EXPD) has announced a 5.5% increase in its quarterly cash dividend, raising it from 73 cents to 77 cents per share, reflecting the company's commitment to enhancing shareholder returns [1] Group 1: Dividend Increases - The recent dividend hike will be paid on June 16, 2025, to shareholders of record as of June 2 [1] - In May 2022, EXPD raised its semi-annual cash dividend by 15.5% to 67 cents per share, and in 2023, it increased the dividend by 3% from 67 cents to 69 cents [2] Group 2: Shareholder Returns - In 2022, EXPD rewarded shareholders with cash dividends totaling $213.79 million and share repurchases amounting to$1,581.908 million [2] - The management's decision to raise the dividend indicates strong confidence in the company's business outlook and commitment to shareholder value [4] Group 3: Investment Considerations - Dividend-paying stocks like EXPD provide a steady income stream and typically exhibit less price volatility, making them attractive for investors seeking to hedge against economic uncertainty [3] - Actions to enhance shareholder value, such as dividend increases, are believed to strengthen investor confidence and support long-term stock performance [4]