EXPO - Exponent Increases Quarterly Dividend Payment from $0.26 to $0.28 per Share for Q1 2024 Increases Stock Repurchase Authorization to $100 Million | Benzinga
MENLO PARK, Calif., Feb. 01, 2024 (GLOBE NEWSWIRE) -- Exponent, Inc. (NASDAQ:EXPO) today announced that its Board of Directors has raised its quarterly dividend from $0.26 to $0.28 per share of common stock. The quarterly cash dividend of $0.28 per share of common stock is to be paid on March 22, 2024 to all common stockholders of record as of March 8, 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.
"This is the 11th consecutive year of increasing our regular quarterly cash dividend. Additionally, our Board of Directors approved an increase of $61.6 million to our current stock repurchase authorization bringing our total authorization to $100 million, further illustrating their confidence in the business's long-term trajectory," commented Dr. Catherine Corrigan, President and Chief Executive Officer. "Exponent is proud to execute on our commitment to delivering long-term value for our shareholders. In 2023, we returned $78.2 million to shareholders through $54.0 million in dividends and $24.2 million in common stock repurchases, while ...