eXp World Holdings, Inc. (NASDAQ:EXPI) Announces $0.05 Quarterly Dividend

eXp World Holdings, Inc. (NASDAQ:EXPI - Get Free Report) announced a quarterly dividend on Friday, February 14th, Wall Street Journal reports. Stockholders of record on Tuesday, March 4th will be paid 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 1.91%. The ex-dividend date is Tuesday, March 4th.

eXp World has increased its dividend by an average of 35.7% per year over the last three years. eXp World has a payout ratio of 40.0% indicating that its dividend is sufficiently covered by earnings. Research 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 Trading Up 2.9 %

Shares of NASDAQ EXPI traded up $0.30 during midday trading on Tuesday, reaching $10.50. 1,900,071 shares of the company were exchanged, compared to its average volume of 951,291. The stock has a fifty day simple moving average of $11.29 and a 200 day simple moving average of $12.54. The stock has a market cap of $1.62 billion, a P/E ratio of -74.96 and a beta of 2.29. eXp World has a 1 year low of $8.91 and a 1 year high of $15.39.

eXp World (NASDAQ:EXPI - Get Free Report) last announced its earnings results on Thursday, February 20th. The technology company reported ($0.03) earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.03. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.03 billion. eXp World had a positive return on equity of 5.75% and a negative net margin of 0.47%. As a group, analysts forecast that eXp World will post 0.48 earnings per share for the current year.

Remove Ads

Insider Buying and Selling

In other eXp World news, CEO Glenn Darrel Sanford sold 25,000 shares of the business's stock in a transaction on Monday, February 24th. The shares were sold at an average price of $10.21, for a total transaction of $255,250.00. Following the sale, the chief executive officer now directly owns 39,903,400 shares in the company, valued at approximately $407,413,714. The trade was a 0.06 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 386,511 shares of company stock valued at $4,620,811 over the last ninety days. Corporate insiders own 35.70% of the company's stock.

Analyst Upgrades and Downgrades

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

About eXp World

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.