Exponent Declares Regular Quarterly Dividend for Q4 2024

Rhea-AI Summary

Exponent (Nasdaq: EXPO) has declared a quarterly cash dividend of $0.28 per share for Q4 2024, payable on December 20, 2024, to stockholders of record as of December 6, 2024. The company maintains its quarterly dividend schedule in March, June, September, and December, subject to Board approval. CEO Dr. Catherine Corrigan emphasized the company's commitment to shareholders, highlighting their diverse services portfolio and aligned operating model as key factors in capturing market demand and delivering long-term value.

Positive

• Maintaining consistent quarterly dividend payments, demonstrating financial stability
• Strong cash position enabling regular shareholder returns

Negative

• None.

Insights

Financial Analyst

The quarterly dividend of $0.28 per share maintains Exponent's consistent capital return policy. With a market cap of $5.39B, this translates to an annual dividend yield of approximately 2%. The company's commitment to regular dividend payments reflects strong cash flow generation and financial stability. The reaffirmation of the dividend policy, coupled with management's confident outlook on market demand and their diverse service portfolio, indicates robust operational fundamentals. While this dividend announcement is routine, it provides reassurance about the company's financial health and shareholder-friendly policies. The dividend payout appears sustainable given Exponent's business model and market position in the engineering and scientific consulting space.

MENLO PARK, Calif., Oct. 24, 2024 (GLOBE NEWSWIRE) -- Exponent, Inc. (Nasdaq: EXPO) today announced that its Board of Directors has declared a quarterly cash dividend of $0.28 per share of common stock to be paid on December 20, 2024 to all common stockholders of record as of December 6, 2024.

Exponent has paid, and expects to continue to pay, quarterly dividends each year in March, June, September, and December. Future declarations of quarterly dividends and the establishment of future record and payment dates are subject to the final determination of Exponent’s Board of Directors.

“Exponent is proud to execute on our commitment to shareholders through our regular quarterly cash dividend,” commented Dr. Catherine Corrigan, President and Chief Executive Officer. “Strengthened by the power of our diverse services portfolio, along with our successful alignment of our operating model, Exponent is uniquely positioned to capture market demand and deliver long-term value to our shareholders.”

About Exponent

Exponent brings together 90+ technical disciplines and 950+ consultants to help our clients navigate the increasing complexity of more than a dozen industries, connecting decades of pioneering work in failure analysis to develop solutions for a safer, healthier, more sustainable world.

Exponent’s consultants deliver the highest value by leveraging multidisciplinary expertise and resources from across Exponent’s offices in North America, Asia, and Europe. Exponent’s consultants, laboratories, databases, and computing resources work seamlessly together around the globe, enabling us to produce the breakthrough insights needed to help multinational companies, startups, law firms, insurance companies, governments, and society respond to incidents and push their products and processes forward.

Exponent may be reached at (888) 656­-EXPO, info@exponent.com, or www.exponent.com.

Forward Looking Statements

This news release contains, and incorporates by reference, certain “forward-looking” statements (as such term is defined in the Private Securities Litigation Reform Act of 1995, and the rules promulgated pursuant to the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended) that are based on the beliefs of the Company’s management, as well as assumptions made by and information currently available to the Company’s management. When used in this document and in the documents incorporated herein by reference, the words “intend,” “anticipate,” “believe,” “estimate,” “expect” and similar expressions, as they relate to the Company or its management, identify such forward-looking statements. Such statements reflect the current views of the Company or its management with respect to future events and are subject to certain risks, uncertainties and assumptions. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, the Company’s actual results, performance, or achievements could differ materially from those expressed in, or implied by, any such forward-looking statements. Factors that could cause or contribute to such material differences include the possibility that the demand for our services may decline as a result of changes in generally applicable and industry-specific economic conditions, the timing of engagements for our services, the effects of competitive services and pricing, the absence of backlog related to our business, our ability to attract and retain key employees, the effect of tort reform and government regulation on our business, and liabilities resulting from claims made against us. Additional risks and uncertainties are discussed in our Annual Report on Form 10-K under the heading “Risk Factors” and elsewhere in the report. The inclusion of such forward-looking information should not be regarded as a representation by the Company or any other person that the future events, plans, or expectations contemplated by the Company will be achieved. The Company undertakes no obligation to release publicly any updates or revisions to any such forward-looking statements.

FAQ

What is Exponent's Q4 2024 dividend amount per share?

Exponent (EXPO) declared a quarterly cash dividend of $0.28 per share for Q4 2024.

When is Exponent's Q4 2024 dividend payment date?

Exponent's Q4 2024 dividend will be paid on December 20, 2024.

What is the record date for Exponent's Q4 2024 dividend?

The record date for Exponent's Q4 2024 dividend is December 6, 2024.

How often does Exponent (EXPO) pay dividends?

Exponent pays quarterly dividends in March, June, September, and December of each year.