Exponent, Inc. (EXPO) to Issue Quarterly Dividend of $0.30 on March 21st

Exponent, Inc. (NASDAQ:EXPO) announced a quarterly dividend on Thursday, February 6th,RTT News reports. Shareholders of record on Friday, March 7th will be paid a dividend of 0.30 per share by the business services provider on Friday, March 21st. This represents a $1.20 annualized dividend and a dividend yield of 1.32%. The ex-dividend date is Friday, March 7th. This is a boost from Exponent’s previous quarterly dividend of $0.28.

Exponent has raised its dividend by an average of 11.9% per year over the last three years and has increased its dividend every year for the last 11 years. Exponent has a dividend payout ratio of 49.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Exponent to earn $2.11 per share next year, which means the company should continue to be able to cover its $1.12 annual dividend with an expected future payout ratio of 53.1%.

Exponent Trading Up 1.2 %

Shares of EXPO stock opened at $90.90 on Friday. The company has a market capitalization of $4.61 billion, a price-to-earnings ratio of 43.91 and a beta of 0.71. Exponent has a twelve month low of $74.30 and a twelve month high of $115.75. The firm has a 50-day moving average price of $91.98 and a 200 day moving average price of $100.73.

Exponent (NASDAQ:EXPO) last released its earnings results on Thursday, February 6th. The business services provider reported $0.46 EPS for the quarter, beating the consensus estimate of $0.40 by $0.06. Exponent had a return on equity of 27.73% and a net margin of 19.52%. During the same period last year, the company earned $0.41 earnings per share. As a group, research analysts predict that Exponent will post 2.06 earnings per share for the current year.

Insider Transactions at Exponent

In related news, Director Paul R. Johnston sold 7,000 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $98.32, for a total transaction of $688,240.00. Following the transaction, the director now directly owns 59,406 shares of the company’s stock, valued at approximately $5,840,797.92. The trade was a 10.54 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders sold 15,300 shares of company stock valued at $1,538,589 over the last 90 days. Corporate insiders own 2.10% of the company’s stock.

About Exponent

Exponent, Inc, together with its subsidiaries, operates as a science and engineering consulting company in the United States and internationally. The company operates in two segments, Engineering and Other Scientific, and Environmental and Health. The Engineering and Other Scientific segment provides services in the areas of biomechanics, biomedical engineering and sciences, buildings and structures, civil engineering, construction consulting, data sciences, electrical engineering and computer science, human factors, materials and corrosion engineering, mechanical engineering, polymer science and materials chemistry, thermal sciences, and vehicle engineering.