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

eXp World Holdings, Inc. (NASDAQ:EXPI) declared a quarterly dividend on Friday, February 21st, 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 yield of 1.95%. The ex-dividend date is Tuesday, March 4th.

eXp World has increased its dividend by an average of 35.7% annually over the last three years. eXp World has a payout ratio of 40.0% indicating that its dividend is sufficiently covered by earnings. 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 Price Performance

Shares of NASDAQ:EXPI opened at $10.26 on Friday. The firm has a fifty day moving average price of $11.34 and a two-hundred day moving average price of $12.55. eXp World has a one year low of $8.91 and a one year high of $15.39. The company has a market cap of $1.58 billion, a price-to-earnings ratio of -73.28 and a beta of 2.29.

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

Insider Activity

In other news, CEO Glenn Darrel Sanford sold 50,000 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $14.41, for a total transaction of $720,500.00. Following the sale, the chief executive officer now owns 40,389,080 shares in the company, valued at approximately $582,006,642.80. This trade represents a 0.12 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In the last quarter, insiders have sold 411,511 shares of company stock worth $5,086,061. 35.70% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Separately, DA Davidson reissued a “neutral” rating and issued a $13.50 price target on shares of eXp World in a report on Friday.

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.