Exp World Holdings, Inc. (EXPI) To Go Ex-Dividend on March 9th

Exp World Holdings, Inc. (NASDAQ:EXPI) announced a quarterly dividend on Tuesday, February 10th. Investors of record on Monday, March 9th will be given a dividend of 0.05 per share by the technology company on Friday, March 27th. This represents a c) annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Monday, March 9th.

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 tumble. 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 Stock Down 4.3%

Shares of EXPI stock traded down $0.29 during mid-day trading on Friday, reaching $6.49. 1,032,833 shares of the stock traded hands, compared to its average volume of 1,061,399. The company has a market cap of $1.05 billion, a price-to-earnings ratio of -46.35 and a beta of 2.13. The stock’s fifty day simple moving average is $8.44 and its two-hundred day simple moving average is $9.94. Exp World has a 1-year low of $6.45 and a 1-year high of $12.23.

Exp World (NASDAQ:EXPI) last released its quarterly earnings data on Tuesday, February 24th. The technology company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.05). The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.17 billion. Exp World had a negative net margin of 0.48% and a negative return on equity of 10.00%. The business’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.06) EPS. On average, equities research analysts anticipate that Exp World will post 0.48 EPS for the current fiscal year.

About Exp World

eXp World Holdings, Inc (NASDAQ: EXPI) is a cloud-based real estate company that operates a global brokerage model through its eXp Realty subsidiary. Founded in 2009 by industry veteran Glenn Sanford and headquartered in Bellingham, Washington, the company leverages a virtual business environment to connect and support real estate professionals. eXp Realty’s technology-driven platform enables licensed agents to list, show and manage residential property transactions without the overhead of traditional brick-and-mortar offices.

At the core of eXp World’s offering is its proprietary virtual campus, which provides real-time training, collaboration and networking via an immersive online environment.