Expeditors (NYSE: EXPD) lifts dividend, highlights $3B buyback plan
Rhea-AI Filing Summary
Expeditors International of Washington, Inc. announced that its board declared a semi-annual cash dividend of $0.81 per share. The dividend will be paid on June 15, 2026 to shareholders of record as of June 1, 2026.
The company describes this as a 5% dividend increase and notes that since 2024 it has returned nearly $2 billion to shareholders through dividends and share repurchases. Management also highlights a $3 billion share repurchase program authorized in February 2026, underscoring an ongoing focus on returning cash to shareholders.
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Insights
Expeditors raises its semi-annual dividend and reiterates a large buyback authorization, reinforcing a shareholder-return focus.
Expeditors declared a semi-annual cash dividend of $0.81 per share, describing this as a 5% increase. For income-oriented holders, this signals a continued willingness to grow cash payouts alongside the business.
Management states that since 2024 the company has returned nearly $2 billion via dividends and repurchases, and points to a share repurchase program authorized in February 2026 permitting up to $3 billion in common stock repurchases. The actual impact on per-share metrics will depend on future execution of this program and the company’s operating performance.
8-K Event Classification
Key Figures
Key Terms
semi-annual cash dividend financial
dividend aristocrat financial
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01 Other Events.
On May 5, 2026, Expeditors International of Washington, Inc., a Washington corporation, issued a press release announcing a semi-annual cash dividend. A copy of the press release is filed as Exhibit 99.1 to this report.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits:
99.1 Press release, dated May 5, 2026 issued by Expeditors International of Washington, Inc.
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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EXPEDITORS INTERNATIONAL OF WASHINGTON, INC. |
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May 5, 2026 |
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/s/ David A. Hackett |
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David A. Hackett, Senior Vice President and Chief Financial Officer |
Exhibit 99.1
PRESS RELEASE
By: |
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Expeditors International of Washington, Inc. |
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3545 Factoria Blvd. SE |
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Sterling Plaza 2, 3rd Floor |
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Bellevue, Washington 98006 |
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CONTACTS: |
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Daniel R. Wall |
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David A. Hackett |
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Geoffrey Buscher |
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President and Chief Executive Officer |
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Senior Vice President and Chief Financial Officer |
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Director - Investor Relations |
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(206) 674-3455 |
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(206) 674-3400 |
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(206) 892-4510 |
FOR IMMEDIATE RELEASE
EXPEDITORS ANNOUNCES SEMI-ANNUAL CASH DIVIDEND OF $0.81
BELLEVUE, WASHINGTON - May 5, 2026, Expeditors International of Washington, Inc. (NYSE:EXPD) today announced that on May 4, 2026 its Board of Directors declared a semi-annual cash dividend of $0.81 per share, payable on June 15, 2026 to shareholders of record as of June 1, 2026.
“Since 2024, we have returned nearly $2 billion to shareholders in dividends and share repurchases,” said David A. Hackett, Senior Vice President and Chief Financial Officer. "In addition, in February of this year our Board authorized a new share repurchase program that permits the repurchase of up to $3 billion of our common stock. With our history of being a dividend aristocrat, combined with this 5% dividend increase and our new $3 billion share repurchase program, we demonstrate our commitment to returning substantial cash to our shareholders.”
About Expeditors International of Washington, Inc:
Expeditors is a global logistics company headquartered in Bellevue, Washington. The Company employs trained professionals in 171 district offices and numerous branch locations located on six continents linked into a seamless worldwide network through an integrated information management system. 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.