Expeditors International of Washington (EXPD) To Go Ex-Dividend on November 30th

Expeditors International of Washington (NASDAQ:EXPD) announced a semiannual dividend on Wednesday, November 7th, Wall Street Journal reports. Stockholders of record on Monday, December 3rd will be paid a dividend of 0.45 per share by the transportation company on Monday, December 17th. This represents a dividend yield of 1.23%. The ex-dividend date of this dividend is Friday, November 30th. This is a boost from Expeditors International of Washington’s previous semiannual dividend of $0.42.

Expeditors International of Washington has raised its dividend payment by an average of 9.5% per year over the last three years and has raised its dividend every year for the last 23 years. Expeditors International of Washington has a dividend payout ratio of 28.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Expeditors International of Washington to earn $3.42 per share next year, which means the company should continue to be able to cover its $0.90 annual dividend with an expected future payout ratio of 26.3%.

Shares of NASDAQ:EXPD opened at $73.23 on Friday. Expeditors International of Washington has a 1-year low of $59.10 and a 1-year high of $78.16. The company has a market cap of $12.64 billion, a PE ratio of 29.53, a PEG ratio of 2.83 and a beta of 0.74.

Expeditors International of Washington (NASDAQ:EXPD) last announced its quarterly earnings data on Tuesday, November 6th. The transportation company reported $0.92 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.14. Expeditors International of Washington had a return on equity of 28.98% and a net margin of 7.76%. The company had revenue of $2.09 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same quarter last year, the firm earned $0.66 EPS. Expeditors International of Washington’s revenue for the quarter was up 16.0% compared to the same quarter last year. Research analysts expect that Expeditors International of Washington will post 3.24 earnings per share for the current fiscal year.

In other Expeditors International of Washington news, Director Mark A. Emmert sold 5,000 shares of Expeditors International of Washington stock in a transaction on Monday, November 19th. The stock was sold at an average price of $73.52, for a total value of $367,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Christopher J. Mcclincy sold 2,371 shares of Expeditors International of Washington stock in a transaction on Friday, November 16th. The shares were sold at an average price of $73.67, for a total value of $174,671.57. The disclosure for this sale can be found here. 0.99% of the stock is owned by insiders.

Several analysts have recently weighed in on the company. Zacks Investment Research lowered Expeditors International of Washington from a “buy” rating to a “hold” rating in a report on Friday, August 10th. Deutsche Bank assumed coverage on Expeditors International of Washington in a report on Tuesday, September 4th. They set a “hold” rating and a $71.00 price objective on the stock. Stifel Nicolaus set a $73.00 price objective on Expeditors International of Washington and gave the stock a “hold” rating in a report on Wednesday, August 8th. Credit Suisse Group decreased their price objective on Expeditors International of Washington from $67.00 to $65.00 and set an “underperform” rating on the stock in a report on Wednesday, August 8th. Finally, Cowen reaffirmed a “market perform” rating and issued a $73.00 price target (up previously from $70.00) on shares of Expeditors International of Washington in a research note on Tuesday, August 7th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $69.56.

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Expeditors International of Washington Company Profile

Expeditors International of Washington, Inc provides logistics services in the Americas, North Asia, South Asia, Europe, the Middle East, Africa, and India. The company offers airfreight services, such as air freight consolidation and forwarding; ocean freight and ocean services, such as ocean freight consolidation, direct ocean forwarding, and order management; customs brokerage, intra-continental ground transportation and delivery, and warehousing and distribution services; and customs clearance, purchase order management, vendor consolidation, time-definite transportation services, cargo insurance, cargo monitoring and tracking, and other logistics solutions.

Read More: Book Value Per Share – BVPS

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

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