Expeditors International Increases Dividend

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ogistics firm Expeditors International of Washington Inc. said Monday its board of directors increased its semi-annual cash dividend to 15 cents per share, from 11 cents.

The dividend would be payable on June 15, to shareholders of record as of June 1. Last week, the company reported a first-quarter net income of $37.7 million or 34 cents, an increase of 19% from a year earlier.

Expeditors International of Washington is ranked No. 20 on the Transport Topics Logistics 50 listing of North American logistics companies.

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