Exponent, Inc. (NASDAQ:EXPO) Raises Dividend to $0.30 Per Share

Exponent, Inc. (NASDAQ:EXPO - Get Free Report) 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 1.32%. The ex-dividend date of this dividend 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 raised its dividend annually for the last 11 consecutive years. Exponent has a dividend payout ratio of 55.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Exponent to earn $2.27 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 52.9%.

Exponent Trading Down 0.0 %

NASDAQ:EXPO traded down $0.04 during trading hours on Monday, hitting $90.86. 309,350 shares of the company were exchanged, compared to its average volume of 229,348. The stock has a market capitalization of $4.61 billion, a price-to-earnings ratio of 42.86 and a beta of 0.71. Exponent has a one year low of $74.30 and a one year high of $115.75. The company has a fifty day simple moving average of $91.82 and a 200 day simple moving average of $100.55.

Exponent (NASDAQ:EXPO - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The business services provider reported $0.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.40 by $0.06. Exponent had a return on equity of 27.76% and a net margin of 19.52%. During the same quarter in the prior year, the business earned $0.41 earnings per share. Equities research analysts predict that Exponent will post 2.11 earnings per share for the current fiscal year.

Insider Activity

In other 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 value of $688,240.00. Following the transaction, the director now directly owns 59,406 shares of the company's stock, valued at $5,840,797.92. The trade was a 10.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last three months, insiders have sold 15,300 shares of company stock valued at $1,538,589. 2.10% of the stock is currently owned by 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.