Dividend Growth Stocks: 25 Aristocrats

12. Expeditors International of Washington, Inc. (NYSE:EXPD)

5-Year Average Dividend Growth Rate: 8.17%

Truist raised its price objective on Expeditors International of Washington, Inc. (NYSE:EXPD) on January 15 to $160 from $130. However, the firm kept a Hold rating on the stock. The update came as part of a broader note previewing fourth-quarter earnings across Freight & Logistics. Truist expects Q4 results to stay under pressure due to weak industrial production. At the same time, truckload trends are improving, excess capacity continues to exit the market, and peak season execution was solid. Taken together, those factors suggest a stronger exit rate from 2025 into 2026.

In the near term, broker margins could feel some strain as spot rates move higher. Peak season volumes appear to be tracking normal seasonal patterns, and the sales mix may lean more toward airfreight and parcel, which could support margins in those areas.

Management continues to approach the market with caution. Ocean rates could fall if Red Sea trade routes normalize, and geopolitical and labor risks remain in the background. Even so, the company stays focused on expanding its footprint and tightening operations. With a wide mix of revenue streams, Expeditors is positioned to grow over time, though recessions, global trade disruptions, and sudden shocks remain real risks. The company has increased its dividend for 31 consecutive years.

Expeditors International of Washington, Inc. (NYSE:EXPD) provides global logistics services that include air and ocean freight forwarding, customs brokerage, vendor consolidation, cargo insurance, time-sensitive delivery, order management, warehousing, distribution, and other tailored logistics solutions.

Short-term headwinds are still there. Over the long run, volumes have trended higher, and that pattern has supported revenue growth for many years. The same dynamic is expected to play out again.