Exponent, Inc. (NASDAQ:EXPO) Plans $0.31 Quarterly Dividend

Exponent, Inc. (NASDAQ:EXPO) declared a quarterly dividend on Thursday, April 30th. Investors of record on Friday, June 5th will be paid a dividend of 0.31 per share by the business services provider on Thursday, June 18th. This represents a c) dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Friday, June 5th.

Exponent has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 12 consecutive years. Exponent has a payout ratio of 57.9% meaning its dividend is sufficiently covered by earnings. Analysts expect Exponent to earn $2.58 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 48.1%.

Exponent Trading Down 1.8%

Exponent stock traded down $1.22 during midday trading on Friday, reaching $65.67. 32,428 shares of the stock traded hands, compared to its average volume of 462,202. The company has a 50-day simple moving average of $67.96 and a two-hundred day simple moving average of $70.28. Exponent has a 12-month low of $63.25 and a 12-month high of $81.95. The firm has a market cap of $3.19 billion, a PE ratio of 31.57 and a beta of 0.80.

Exponent (NASDAQ:EXPO) last posted its quarterly earnings results on Thursday, April 30th. The business services provider reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.03. The company had revenue of $166.30 million for the quarter, compared to analyst estimates of $149.53 million. Exponent had a return on equity of 25.51% and a net margin of 18.21%.Exponent’s revenue for the quarter was up 14.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.52 EPS. Equities research analysts anticipate that Exponent will post 2.27 earnings per share for the current year.

About Exponent

Exponent, Inc (NASDAQ: EXPO) is an engineering and scientific consulting firm that offers multidisciplinary analysis and advisory services to clients across a range of industries. The company’s expertise spans mechanical, materials and corrosion engineering, civil and structural engineering, electrical engineering, industrial hygiene, toxicology and health sciences, and failure analysis. Exponent provides support for product design, performance evaluation, litigation consulting, and regulatory compliance, helping manufacturers, insurers, law firms and government agencies address complex technical challenges.

Founded in 1967 in Menlo Park, California, Exponent has grown from a small failure-analysis laboratory into a global consulting practice.