eXp World Holdings, Inc. (NASDAQ:EXPI – Get Free Report) declared a quarterly dividend on Friday, February 21st, Wall Street Journal reports. Shareholders 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 annualized dividend and a yield of 1.95%. The ex-dividend date is Tuesday, March 4th.
eXp World has increased its dividend payment 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. 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 Trading Down 9.5 %
eXp World stock opened at $10.26 on Friday. The company has a market capitalization of $1.58 billion, a price-to-earnings ratio of -73.28 and a beta of 2.29. eXp World has a 12 month low of $8.91 and a 12 month high of $15.39. The stock’s 50 day moving average is $11.40 and its 200-day moving average is $12.56.
Insider Activity
In other news, CEO Glenn Darrel Sanford sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $14.41, for a total value of $720,500.00. Following the completion of the transaction, the chief executive officer now owns 40,389,080 shares of the company’s stock, valued at $582,006,642.80. This represents a 0.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In the last ninety days, insiders sold 411,511 shares of company stock worth $5,086,061. Insiders own 35.70% of the company’s stock.
Analyst Upgrades and Downgrades
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.
Get Our Latest Analysis on EXPI
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.
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