Expeditors International of Washington, Inc. to Issue Dividend of $0.77 (NASDAQ:EXPD)

Expeditors International of Washington, Inc. (NASDAQ:EXPD) announced a dividend on Monday, November 3rd. Stockholders of record on Monday, December 1st will be paid a dividend of 0.77 per share by the transportation company on Monday, December 15th. This represents a dividend yield of 113.0%. The ex-dividend date of this dividend is Monday, December 1st.

Expeditors International of Washington has raised its dividend 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 Stock Performance

Shares of NASDAQ EXPD traded up $2.51 during midday trading on Wednesday, reaching $138.24. 617,178 shares of the company’s stock were exchanged, compared to its average volume of 1,327,633. Expeditors International of Washington has a 52-week low of $100.47 and a 52-week high of $138.69. The stock has a market capitalization of $18.76 billion, a PE ratio of 24.17, a price-to-earnings-growth ratio of 5.00 and a beta of 1.09. The business’s fifty day moving average price is $121.05 and its two-hundred day moving average price is $116.82.

Insider Activity

In other news, VP Jeffrey F. Dickerman sold 1,470 shares of the business’s stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $118.05, for a total transaction of $173,533.50. Following the completion of the transaction, the vice president directly owned 7,651 shares in the company, valued at approximately $903,200.55. The trade was a 16.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.69% of the company’s stock.

Hedge Funds Weigh In On Expeditors International of Washington

Several hedge funds and other institutional investors have recently made changes to their positions in EXPD. Norges Bank acquired a new position in shares of Expeditors International of Washington during the second quarter worth approximately $111,222,000. First Eagle Investment Management LLC boosted its stake in Expeditors International of Washington by 17.1% during the 2nd quarter. First Eagle Investment Management LLC now owns 6,279,825 shares of the transportation company’s stock valued at $717,470,000 after purchasing an additional 918,108 shares in the last quarter. Invesco Ltd. boosted its stake in Expeditors International of Washington by 23.4% during the 1st quarter. Invesco Ltd. now owns 3,039,899 shares of the transportation company’s stock valued at $365,548,000 after purchasing an additional 576,468 shares in the last quarter. Boston Partners boosted its stake in Expeditors International of Washington by 13.1% during the 1st quarter. Boston Partners now owns 4,295,924 shares of the transportation company’s stock valued at $516,385,000 after purchasing an additional 498,212 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its stake in Expeditors International of Washington by 516.0% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 576,391 shares of the transportation company’s stock valued at $69,311,000 after purchasing an additional 482,814 shares in the last quarter. 94.02% of the stock is currently owned by institutional investors and hedge funds.

Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc, together with its subsidiaries, provides logistics services worldwide. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, including ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, import, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, temperature-controlled transit, cargo insurance, specialized cargo monitoring and tracking, and other supply chain solutions.