Expeditors OKs Stock Split

The 2-for-1 stock split will be issued as a dividend in June.
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Expeditors International of Washington

(EXPD) - Get Report

has authorized a 2-for-1 stock split in the form of a stock dividend to be issued to shareholders of record on June 9.

The Seattle-based shipping company expects to mail certificates representing these additional shares on or about June 23. The stock dividend will increase the number of common shares outstanding to 213.3 million from 106.6 million.

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