eXp World Holdings, Inc. (EXPI) To Go Ex-Dividend on March 4th

eXp World Holdings, Inc. (NASDAQ:EXPI) announced a quarterly dividend on Friday, February 21st, Wall Street Journal reports. Investors of record on Tuesday, March 4th will be given a dividend of 0.05 per share by the technology company on Wednesday, March 19th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date of this dividend is Tuesday, March 4th.

eXp World has increased its dividend payment by an average of 35.7% annually over the last three years. eXp World has a payout ratio of 40.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect eXp World to earn $0.25 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 80.0%.

eXp World Price Performance

EXPI opened at $10.26 on Friday. eXp World has a fifty-two week low of $8.91 and a fifty-two week high of $15.39. The firm has a market capitalization of $1.58 billion, a PE ratio of -73.28 and a beta of 2.29. The company’s 50-day moving average is $11.34 and its 200 day moving average is $12.55.

eXp World (NASDAQ:EXPI) last posted its quarterly earnings data on Thursday, February 20th. The technology company reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.06) by $0.03. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.03 billion. eXp World had a negative net margin of 0.47% and a positive return on equity of 5.75%. As a group, analysts expect that eXp World will post 0.48 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, DA Davidson reiterated a “neutral” rating and issued a $13.50 price objective on shares of eXp World in a research note on Friday.

Insider Buying and Selling at eXp World

In other news, CEO Glenn Darrel Sanford sold 50,000 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $14.41, for a total transaction of $720,500.00. Following the completion of the transaction, the chief executive officer now directly owns 40,389,080 shares of the company’s stock, valued at $582,006,642.80. This represents a 0.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders sold 411,511 shares of company stock worth $5,086,061. Insiders own 35.70% of the company’s stock.

eXp World Company Profile

eXp World Holdings, Inc, together with its subsidiaries, provides cloud-based real estate brokerage services for residential homeowners and homebuyers. The company operates through North American Realty, International Realty, Virbela, and Other Affiliated Services segments. It provides Virbela, a cloud-based technologies that provides data, lead generation, and marketing tools for real estate agents and employees.