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

eXp World Holdings, Inc. (NASDAQ:EXPI) announced a quarterly dividend on Friday, February 14th, Wall Street Journal reports. Shareholders 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 annualized dividend and a dividend yield of 1.98%. The ex-dividend date of this dividend is Tuesday, March 4th.

eXp World has raised its dividend payment by an average of 35.7% annually over the last three years. eXp World has a dividend payout ratio of 43.5% meaning 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 Price Performance

EXPI opened at $10.11 on Friday. eXp World has a 12 month low of $8.91 and a 12 month high of $15.39. The stock has a market cap of $1.56 billion, a P/E ratio of -72.21 and a beta of 2.29. The stock’s 50 day moving average price is $11.14 and its 200 day moving average price is $12.50.

eXp World (NASDAQ:EXPI) last issued its quarterly earnings results on Thursday, February 20th. The technology company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.03. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.03 billion. eXp World had a positive return on equity of 5.75% and a negative net margin of 0.47%. Equities analysts anticipate that eXp World will post 0.48 EPS for the current year.

Insider Activity

In other news, CEO Glenn Darrel Sanford sold 49,881 shares of eXp World stock in a transaction that occurred on Tuesday, December 3rd. The shares were sold at an average price of $13.87, for a total value of $691,849.47. Following the transaction, the chief executive officer now owns 40,339,199 shares of the company’s stock, valued at $559,504,690.13. The trade was a 0.12 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In the last ninety days, insiders have sold 386,511 shares of company stock worth $4,620,811. 35.70% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Separately, DA Davidson reissued a “neutral” rating and set a $13.50 target price on shares of eXp World in a research note on Friday, February 21st.

eXp World Company Profile

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.