Solution Manual for Principles of Corporate Finance 14th Edition by Richard B...
Expeditors International of Washington, 11/20/97div
1. PRESS RELEASE
By: Expeditors International of Washington, Inc.
999 Third Avenue, Suite 2500
Seattle, Washington 98104
CONTACT: R. Jordan Gates
Chief Financial Officer
(206) 674-3427 FOR IMMEDIATE RELEASE
EXPEDITORS ANNOUNCES SEMI-ANNUAL CASH DIVIDEND OF $.05
SEATTLE, WASHINGTON -- November 20, 1997 -- Expeditors International of Washington, Inc. (NASDAQ:
EXPD), the international logistics company today announced that its Board of Directors has declared a semi-
annual cash dividend of $.05 per share, payable on December 15, 1997 to shareholders of record as of December
1, 1997.
Expeditors is a global logistics company. Headquartered in Seattle, Washington, the company serves the
increasingly sophisticated needs of international trade through a seamless network of responsive professionals
and integrated information system. Expeditors offers air and ocean freight forwarding, supplier consolidation,
customs clearance, cargo insurance, distribution and value-added logistics services. Expeditors' mission is to set
the standard for excellence in global logistics through total commitment to quality in people and services, with
superior financial results. Additional company information is available via the Internet at http://www.expd.com.