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

eXp World Holdings, Inc. (NASDAQ:EXPIGet 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.

eXp World (NASDAQ:EXPIGet Free Report) last issued its quarterly earnings data on Thursday, February 20th. The technology company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.03. eXp World had a positive return on equity of 5.75% and a negative net margin of 0.47%. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.03 billion. As a group, equities research analysts predict that eXp World will post 0.48 earnings per share for the current fiscal year.

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

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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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Dividend History for eXp World (NASDAQ:EXPI)

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