Exponent Increases Quarterly Dividend Payment from $0.28 to $0.30 per Share for Q1 2025

Rhea-AI Summary

Exponent (NASDAQ: EXPO) has announced a 7.1% increase in its quarterly cash dividend from $0.28 to $0.30 per share of common stock. The dividend will be paid on March 21, 2025, to stockholders of record as of March 7, 2025.

This marks the 12th consecutive year of dividend increases for the company. Exponent maintains a quarterly dividend schedule, with payments in March, June, September, and December, subject to Board approval. CEO Dr. Catherine Corrigan highlighted the company's commitment to shareholder value, emphasizing their diverse services portfolio and aligned operating model as key factors positioning them for market growth.

Positive

• Increased quarterly dividend by 7.1% from $0.28 to $0.30 per share
• 12th consecutive year of dividend increases, demonstrating consistent shareholder returns
• Strong commitment to regular quarterly dividend payments

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• None.

MENLO PARK, Calif., Feb. 06, 2025 (GLOBE NEWSWIRE) -- Exponent, Inc. (Nasdaq: EXPO) today announced that its Board of Directors has raised its quarterly cash dividend from $0.28 to $0.30 per share of common stock. The quarterly cash dividend of $0.30 per share of common stock is to be paid on March 21, 2025 to all common stockholders of record as of March 7, 2025.

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 12^th consecutive year of increasing our regular quarterly cash dividend. 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 new quarterly dividend amount for Q1 2025?

Exponent's new quarterly dividend amount is $0.30 per share, increased from $0.28, representing a 7.1% increase.

When will EXPO's Q1 2025 dividend be paid?

The dividend will be paid on March 21, 2025, to stockholders of record as of March 7, 2025.

How long has EXPO been increasing its dividend?

This marks the 12th consecutive year of dividend increases for Exponent.

What is Exponent's dividend payment schedule?

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

What is the percentage increase in EXPO's Q1 2025 dividend?

The dividend increase represents a 7.1% rise, from $0.28 to $0.30 per share.