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

eXp World Holdings, Inc. (NASDAQ:EXPI) announced a quarterly dividend on Monday, November 4th,Zacks Dividends reports. Stockholders of record on Monday, November 18th will be given 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 is Monday, November 18th.

eXp World has a dividend payout ratio of 33.3% indicating that its dividend is sufficiently covered by earnings. Equities 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 Price Performance

NASDAQ EXPI opened at $13.31 on Friday. The business has a 50 day moving average price of $13.58 and a 200 day moving average price of $12.51. The company has a market capitalization of $2.04 billion, a P/E ratio of -60.50 and a beta of 2.31. eXp World has a 1-year low of $8.91 and a 1-year high of $17.11.

Insider Buying and Selling at eXp World

In other news, Director Randall D. Miles sold 30,000 shares of eXp World stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $15.11, for a total transaction of $453,300.00. Following the completion of the sale, the director now directly owns 547,665 shares in the company, valued at $8,275,218.15. The trade was a 5.19 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Glenn Darrel Sanford sold 47,984 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $12.32, for a total transaction of $591,162.88. Following the transaction, the chief executive officer now directly owns 41,022,313 shares in the company, valued at $505,394,896.16. The trade was a 0.12 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 635,891 shares of company stock worth $8,577,645. 35.70% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on EXPI shares. DA Davidson lifted their price target on eXp World from $11.75 to $13.50 and gave the stock a “neutral” rating in a research note on Thursday, August 1st. BTIG Research upgraded shares of eXp World from a “sell” rating to a “neutral” rating in a research report on Tuesday, July 23rd.

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.