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Expeditors sets dividend of 30 cents per share

SEATTLE (AP) -- Expeditors International of Washington Inc. on Thursday declared a semiannual dividend of 30 cents per share.

Separately, the freight-forwarding company reported a 5 percent increase in profit, to $80.3 million, despite flat revenue.

The Seattle company said the dividend, 2 cents higher than the dividend announced last November, would be payable on June 17 to shareholders as of June 3.

Expeditors' shares gained $1.71, or 4.8 percent, to close at $37.03.