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

Exp World Holdings, Inc. (NASDAQ:EXPI) announced a quarterly dividend on Thursday, November 6th. Investors of record on Monday, November 17th will be given a dividend of 0.05 per share by the technology company on Monday, December 1st. This represents a c) annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Monday, November 17th.

Exp World has a payout ratio of 90.9% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities research 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 Stock Up 13.0%

EXPI stock traded up $1.27 during midday trading on Friday, reaching $10.97. 1,221,586 shares of the company’s stock traded hands, compared to its average volume of 1,126,784. The firm’s fifty day moving average price is $10.83 and its 200-day moving average price is $9.87. Exp World has a 52 week low of $6.90 and a 52 week high of $14.85. The company has a market cap of $1.72 billion, a price-to-earnings ratio of -55.57 and a beta of 2.04.

Exp World (NASDAQ:EXPI) last issued its quarterly earnings data on Thursday, November 6th. The technology company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.06). The business had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.24 billion. Exp World had a negative net margin of 0.68% and a negative return on equity of 4.79%. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.04) earnings per share. Analysts forecast that Exp World will post 0.48 earnings per share for the current year.

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.