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

Exp World Holdings, Inc. (NASDAQ:EXPI) announced a quarterly dividend on Thursday, November 6th. Shareholders of record on Monday, November 17th will be paid a dividend of 0.05 per share by the technology company on Monday, December 1st. This represents a c) dividend on an annualized basis and a yield of 1.8%. The ex-dividend date is Monday, November 17th.

Exp World has a payout ratio of 90.9% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. 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 traded up $1.27 during trading on Friday, hitting $10.97. 1,221,586 shares of the company were exchanged, compared to its average volume of 1,126,784. Exp World has a 52-week low of $6.90 and a 52-week high of $14.85. The stock has a 50 day moving average of $10.83 and a 200 day moving average of $9.87. The company has a market cap of $1.72 billion, a PE ratio of -55.57 and a beta of 2.04.

Exp World (NASDAQ:EXPI) last issued its quarterly earnings data on Thursday, November 6th. The technology company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.06). Exp World had a negative return on equity of 4.79% and a negative net margin of 0.68%.The company had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.24 billion. During the same period last year, the company posted ($0.04) EPS. The business’s revenue for the quarter was up 6.9% on a year-over-year basis. Sell-side analysts forecast that Exp World will post 0.48 EPS for the current fiscal year.

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.