Expeditors International

Expeditors International is a global logistics and freight forwarding company based in Seattle. Rather than owning ships or planes, it arranges air and ocean transport, customs brokerage and supply-chain services on behalf of clients, an asset-light model that generates strong cash flow and consistently high returns on capital. Expeditors has raised its dividend every year for more than two decades and reinforces those payouts with steady buybacks. The yield is low, reflecting a modest payout ratio and a preference for reinvestment, but the growth has been reliable and well covered by cash earnings. The overall profile is strong and shareholder-friendly, offering dependable dividend growth from a financially disciplined, cash-generative business.