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

Exponent, Inc. (NASDAQ:EXPO) announced a quarterly dividend on Thursday, February 6th,RTT News reports. Investors of record on Friday, March 7th will be given 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 yield of 1.34%. This is a positive change 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 increased its dividend every year for the last 11 years. Exponent has a payout ratio of 49.8% indicating that 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 Stock Performance

EXPO traded down $2.79 during mid-day trading on Thursday, reaching $89.82. The stock had a trading volume of 418,549 shares, compared to its average volume of 211,316. The stock has a market capitalization of $4.56 billion, a P/E ratio of 43.39 and a beta of 0.71. The firm’s fifty day simple moving average is $92.31 and its two-hundred day simple moving average is $100.91. Exponent has a 52 week low of $74.30 and a 52 week high of $115.75.

Insider Buying and Selling at Exponent

In other news, Director Paul R. Johnston sold 7,000 shares of the stock in a transaction on 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 owns 59,406 shares of the company’s stock, valued at $5,840,797.92. This represents a 10.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last ninety days, insiders have sold 15,300 shares of company stock worth $1,538,589. Insiders own 2.10% of the company’s stock.

Exponent Company Profile

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.