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

eXp World Holdings, Inc. (NASDAQ:EXPI) declared a quarterly dividend on Monday, November 4th,Zacks Dividends reports. Shareholders of record on Monday, November 18th will be paid a dividend of 0.05 per share by the technology company on Monday, December 2nd. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date of this dividend is Monday, November 18th.

eXp World has a payout ratio of 33.3% meaning its dividend is sufficiently covered by earnings. Research 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 1.8 %

Shares of NASDAQ:EXPI traded down $0.25 during midday trading on Friday, reaching $13.31. The company’s stock had a trading volume of 749,603 shares, compared to its average volume of 1,007,333. The firm has a market cap of $2.04 billion, a price-to-earnings ratio of -60.50 and a beta of 2.31. The business has a 50 day moving average price of $13.58 and a 200 day moving average price of $12.51. eXp World has a 1 year low of $8.91 and a 1 year high of $17.11.

Analyst Upgrades and Downgrades

EXPI has been the subject of several recent analyst reports. BTIG Research upgraded eXp World from a “sell” rating to a “neutral” rating in a report on Tuesday, July 23rd. DA Davidson raised their target price on shares of eXp World from $11.75 to $13.50 and gave the stock a “neutral” rating in a research report on Thursday, August 1st.

Insider Activity

In related news, CEO Glenn Darrel Sanford sold 44,616 shares of the firm’s stock in a transaction that occurred on Tuesday, August 27th. The shares were sold at an average price of $12.98, for a total value of $579,115.68. Following the transaction, the chief executive officer now owns 40,975,681 shares in the company, valued at approximately $531,864,339.38. This trade represents a 0.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider James Bramble sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $14.05, for a total transaction of $351,250.00. The disclosure for this sale can be found here. Insiders sold 635,891 shares of company stock valued at $8,577,645 in the last ninety days. Company insiders own 35.70% of the company’s stock.

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.