eXp World Holdings, Inc. (NASDAQ:EXPI) Announces $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 of this dividend is Tuesday, March 4th.

eXp World has raised its dividend 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 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 Trading Down 9.5 %

Shares of EXPI stock opened at $10.26 on Friday. eXp World has a 1-year low of $8.91 and a 1-year high of $15.39. The stock has a market cap of $1.58 billion, a price-to-earnings ratio of -73.28 and a beta of 2.29. The stock has a 50-day moving average of $11.40 and a 200-day moving average of $12.56.

eXp World (NASDAQ:EXPI) last released its earnings results on Thursday, February 20th. The technology company reported ($0.03) earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.03 billion. Sell-side analysts forecast that eXp World will post 0.48 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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.

Insider Activity

In related news, CEO Glenn Darrel Sanford sold 49,881 shares of the business’s stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $13.87, for a total transaction of $691,849.47. Following the transaction, the chief executive officer now owns 40,339,199 shares in the company, valued at $559,504,690.13. The trade was a 0.12 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 411,511 shares of company stock valued at $5,086,061 in the last ninety days. 35.70% of the stock is owned by company insiders.

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.