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

eXp World Holdings, Inc. (NASDAQ:EXPI) announced a quarterly dividend on Friday, February 21st, Wall Street Journal reports. Investors of record on Tuesday, March 4th will be given a dividend of 0.05 per share by the technology company on Wednesday, March 19th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date of this dividend is Tuesday, March 4th.

eXp World has increased its dividend payment by an average of 35.7% per year over the last three years. eXp World has a dividend payout ratio of 40.0% meaning its dividend is sufficiently covered by earnings. Analysts expect eXp World to earn $0.48 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 41.7%.

eXp World Stock Down 9.5 %

Shares of NASDAQ:EXPI traded down $1.08 during midday trading on Friday, reaching $10.26. The company had a trading volume of 1,451,414 shares, compared to its average volume of 884,338. The business’s 50 day moving average price is $11.40 and its 200 day moving average price is $12.56. The stock has a market cap of $1.58 billion, a PE ratio of -46.64 and a beta of 2.29. eXp World has a 1-year low of $8.91 and a 1-year high of $15.39.

eXp World (NASDAQ:EXPI) last released its earnings results on Thursday, February 20th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.03. The business had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.03 billion. eXp World had a positive return on equity of 2.27% and a negative net margin of 0.74%. On average, research analysts expect that eXp World will post 0.08 earnings per share for the current fiscal year.

Insider Buying and Selling at eXp World

In other eXp World news, CEO Glenn Darrel Sanford sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $14.41, for a total value of $720,500.00. Following the sale, the chief executive officer now owns 40,389,080 shares in the company, valued at $582,006,642.80. This represents a 0.12 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold 411,511 shares of company stock worth $5,086,061 over the last 90 days. Company insiders own 35.70% of the company’s stock.

Analyst Ratings Changes

Separately, DA Davidson restated a “neutral” rating and issued a $13.50 price objective on shares of eXp World in a research note 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.