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Exponent Increases Quarterly Dividend Payment from $0.19 to $0.20 per Share

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Exponent, Inc. (Nasdaq:EXPO) announced an increase in its quarterly cash dividend to $0.20 per share, payable on March 26, 2021, to shareholders of record as of March 12, 2021. This decision, highlighted by CEO Dr. Catherine Corrigan, underscores the company’s business resilience and robust balance sheet, signaling a commitment to generating long-term value for shareholders. Exponent aims to maintain quarterly dividends each March, June, September, and December, subject to Board approval.

Positive
  • Increased quarterly cash dividend to $0.20 per share, signaling confidence in company performance.
  • Commitment to generating long-term shareholder value.
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  • None.

MENLO PARK, Calif., Feb. 04, 2021 (GLOBE NEWSWIRE) -- Exponent, Inc. (Nasdaq:EXPO) today announced that its Board of Directors has declared an increased quarterly cash dividend of $0.20 per share of common stock to be paid on March 26, 2021 to all common stockholders of record as of March 12, 2021.

“The increase in our regular quarterly dividend reflects the resilience in the business model and the strength of our balance sheet. Exponent remains committed to creating long-term value for our shareholders,” commented Dr. Catherine Corrigan, President and Chief Executive Officer.

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.

About Exponent

Exponent is an engineering and scientific consulting firm providing solutions to complex problems. Exponent's interdisciplinary organization of scientists, physicians, engineers, and business consultants draws from more than 90 technical disciplines to solve the most pressing and complicated challenges facing stakeholders today. The firm leverages over 50 years of experience in analyzing accidents and failures to advise clients as they innovate their technologically complex products and processes, ensure the safety and health of their users, and address the challenges of sustainability.

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 COVID-19 pandemic (including factors relating to measures implemented by governmental authorities or by us to promote the safety of our employees, vendors and clients; other direct and indirect impacts on our business and the businesses of our clients, vendors and other partners; impacts which may, among other things, adversely affect our clients’ ability to utilize our services at the levels they have previously; disruptions of access to our facilities or those of our clients or third parties; and increased and potentially significant economic uncertainty and volatility, including credit and collectability risks and potential disruptions of capital and credit markets), 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.

Source: Exponent, Inc.


FAQ

What is the new dividend amount declared by Exponent?

Exponent declared a new quarterly cash dividend of $0.20 per share.

When will Exponent's dividend be paid?

The dividend will be paid on March 26, 2021.

What is the record date for Exponent's dividend?

The record date for the dividend is March 12, 2021.

How often does Exponent pay dividends?

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

What factors contribute to Exponent's dividend increase?

The increase reflects the company's resilience and strength of its balance sheet.

Exponent Inc

NASDAQ:EXPO

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Engineering & Construction
Services-management Consulting Services
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United States of America
MENLO PARK