Exponent, Inc. (NASDAQ:EXPO) Announces Dividend Increase – $0.30 Per Share

Exponent, Inc. (NASDAQ:EXPO) declared a quarterly dividend on Thursday, February 6th,RTT News reports. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.34%. This is an increase from Exponent’s previous quarterly dividend of $0.28.

Exponent has increased its dividend payment by an average of 11.9% per year over the last three years and has raised its dividend every year for the last 11 years. Exponent has a payout ratio of 49.8% meaning its dividend is sufficiently covered by earnings. Equities research 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 Down 3.0 %

NASDAQ EXPO traded down $2.79 on Thursday, reaching $89.82. The stock had a trading volume of 418,549 shares, compared to its average volume of 211,316. The business has a 50 day moving average price of $92.31 and a 200 day moving average price of $100.91. Exponent has a 1 year low of $74.30 and a 1 year high of $115.75. The company has a market capitalization of $4.56 billion, a price-to-earnings ratio of 43.39 and a beta of 0.71.

Insider Transactions at Exponent

In related news, Director Paul R. Johnston sold 7,000 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $98.32, for a total transaction of $688,240.00. Following the completion of the transaction, the director now 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last quarter, insiders sold 15,300 shares of company stock worth $1,538,589. 2.10% of the stock is owned by corporate insiders.

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.