On May 3, 2022, Expeditors International of Washington (EXPD) announced a 15.5% dividend hike to $0.67 per share. Dividend Aristocrat EXPD pays a semi-annual dividend. This marks the 29th consecutive year of dividend increases by the logistics company. In 2021 EXPD hiked the dividend by 11.5%, meaning that 2022 is the second consecutive 'hike star' year for the company.

The next dividend is payable on June 15, 2022 to shareholders of record as of June 1, 2022. The new annualized dividend rate of $1.34 per share yields 1.2% at a stock price of $112.77. Two years ago Expeditors International was added to the S&P Dividend Aristocrats Index. EXPD is the only Dividend Aristocrat that does not pay a quarterly dividend. Earlier Cintas used to pay an annual dividend, but now the company pays 4 dividends every year.

Expeditors International of Washington, Inc. is a global logistics company headquartered in Seattle, Washington. The company employs trained professionals in district offices and branch locations on six continents. 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. As a service-based company, EXPD doesn’t own aircraft, ships, or trucks. The company was founded in 1979. A dividend has been paid to shareholders every year since 1993.