EX-Dividend Schedule: Exponent Boosted its Dividend By 24%; Will Trade Ex-Dividend on March 01, 2018
LONDON, UK / ACCESSWIRE / February 28, 2018 / Active-Investors has a free review on Exponent, Inc. (NASDAQ: EXPO) following the Company’s announcement that it will begin trading ex-dividend on March 01, 2018. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on February 28, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on EXPO:
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Dividend Declared
On February 01, 2018, Exponent announced that its Board of Directors has declared an increased quarterly cash dividend of $0.26 per share of common stock payable on March 23, 2018, to all common stockholders of record as of March 02, 2018.
“We believe that the increase in our regular quarterly dividend payment demonstrates our confidence in the stability of our long-term financial position and our commitment to return value to our shareholders,” commented Dr. Paul Johnston, Chief Executive Officer.
Exponent’s indicated dividend represents a yield of 1.34% compared to the average dividend yield of 1.97% for the Services sector. The Company has raised dividend for four years in a row.
Dividend Insight
Exponent has a dividend payout ratio of 43.2%, which indicates that the Company spends approximately $0.43 for dividend distribution out of every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.
According to analysts’ estimates, Exponent is forecasted to report earnings of $2.67 for the next year, which is more than double the Company’s annualized dividend of $1.04 per share.
For fiscal year 2017, Exponent’s net cash generated from operating activities was $67.8 million. During FY17, the Company paid $21.8 million in dividends, repurchased $11.9 million of common stock, and ended the year with $196 million in cash, cash equivalents, and short-term investments. The Company’s strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.
About Exponent, Inc.
Exponent is an engineering and scientific consulting firm providing solutions to complex problems. Exponent’s interdisciplinary organization of scientists, physicians, engineers, and business consultants draws from more than 90 technical disciplines to solve the most pressing and complicated challenges facing stakeholders today. The firm leverages over 50 years of experience in analyzing accidents and failures to advise clients as they innovate their technologically complex products and processes, ensure the safety and health of their users, and address the challenges of sustainability.
Stock Performance Snapshot
February 27, 2018 – At Tuesday’s closing bell, Exponent’s stock marginally fell 0.44%, ending the trading session at $78.45.
Volume traded for the day: 79.58 thousand shares.
Stock performance in the last month – up 1.36%; previous three-month period – up 4.88%; past twelve-month period – up 35.26%; and year-to-date – up 10.34%
After yesterday’s close, Exponent’s market cap was at $2.01 billion.
Price to Earnings (P/E) ratio was at 36.42.
The stock has a dividend yield of 1.33%.
The stock is part of the Consumer Goods sector, categorized under the Paper & Paper Products industry.
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