Expeditors International of Washington, Inc. (EXPD) Declares Semiannual Dividend of $0.42

Expeditors International of Washington, Inc. (NASDAQ:EXPD) announced a semiannual dividend on Thursday, May 4th, Wall Street Journal reports. Stockholders of record on Thursday, June 1st will be paid a dividend of 0.42 per share by the transportation company on Thursday, June 15th. This represents a dividend yield of 1.54%. The ex-dividend date is Tuesday, May 30th. This is an increase from Expeditors International of Washington’s previous semiannual dividend of $0.40.

Expeditors International of Washington has raised its dividend by an average of 10.1% per year over the last three years and has increased its dividend every year for the last 22 years. Expeditors International of Washington has a payout ratio of 35.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect Expeditors International of Washington to earn $2.63 per share next year, which means the company should continue to be able to cover its $0.84 annual dividend with an expected future payout ratio of 31.9%.

Shares of Expeditors International of Washington (NASDAQ:EXPD) traded down 0.40% during midday trading on Friday, hitting $57.02. The stock had a trading volume of 1,952,315 shares. Expeditors International of Washington has a 1-year low of $46.48 and a 1-year high of $57.74. The firm has a market cap of $10.27 billion, a price-to-earnings ratio of 24.37 and a beta of 0.64. The firm has a 50-day moving average price of $54.19 and a 200-day moving average price of $54.75.

Expeditors International of Washington (NASDAQ:EXPD) last issued its quarterly earnings results on Tuesday, May 2nd. The transportation company reported $0.51 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by $0.05. The business had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.53 billion. Expeditors International of Washington had a net margin of 6.87% and a return on equity of 23.01%. The company’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.53 earnings per share. On average, equities analysts anticipate that Expeditors International of Washington will post $2.36 EPS for the current fiscal year.

Dividend History for Expeditors International of Washington (NASDAQ:EXPD)

Several equities research analysts have recently issued reports on the company. Vertical Research reaffirmed a “hold” rating and issued a $63.00 price target on shares of Expeditors International of Washington in a research report on Thursday, April 13th. Wells Fargo & Company assumed coverage on Expeditors International of Washington in a research report on Monday, March 13th. They issued a “market perform” rating on the stock. Zacks Investment Research downgraded Expeditors International of Washington from a “hold” rating to a “sell” rating in a research report on Tuesday, May 16th. Cowen and Company reaffirmed a “market perform” rating and issued a $57.00 price target (up from $49.00) on shares of Expeditors International of Washington in a research report on Wednesday, February 22nd. Finally, Credit Suisse Group reaffirmed an “underperform” rating and issued a $53.00 price target (up from $52.00) on shares of Expeditors International of Washington in a research report on Monday, March 6th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $57.20.

WARNING: This news story was first posted by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this news story on another publication, it was illegally copied and reposted in violation of US and international trademark & copyright legislation. The correct version of this news story can be accessed at https://www.chaffeybreeze.com/2017/06/16/expeditors-international-of-washington-expd-to-issue-semiannual-dividend-of-0-42-on-june-15th-updated-updated.html.

About Expeditors International of Washington

Expeditors International of Washington, Inc is a logistics company. The Company is a third-party logistics provider, and purchases cargo space from carriers, including airlines and ocean shipping lines on a volume basis and resells that space to its customers. The Company provides a range of customer solutions, such as order management, time-definite transportation, warehousing and distribution, temperature-controlled transit, cargo insurance and customized logistics solutions.

Receive News & Ratings for Expeditors International of Washington Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Expeditors International of Washington Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply