The new dividend rate, which totals $1.52 on an annualized basis, is scheduled for distribution on September 3. Investors must be on the company’s books by the close of business on August 6 to qualify for the payment. Based on Thursday’s closing share price of $196.37, the move results in a dividend yield of approximately 0.7%.

This adjustment follows a similar pattern from last summer, when leadership pushed the quarterly distribution from 34 cents to 36 cents. The decision reflects the logistics provider's ongoing capital allocation strategy amid its current market valuation.