Exponent Increases Quarterly Dividend Payment from $0.16 to $0.19 per Share
February 06 2020 - 4:05PM
Exponent, Inc. (Nasdaq:EXPO) today announced that its Board of
Directors has declared an increased quarterly cash dividend of
$0.19 per share of common stock to be paid on March 27, 2020 to all
common stockholders of record as of March 13, 2020.
“In 2019, we paid $34 million in dividends and ended the year
with $232 million in cash, cash equivalents and short-term
investments. We believe that the increase in our regular quarterly
dividend payment demonstrates our ongoing commitment to delivering
value to our shareholders and maintaining a strong financial
position,” 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.
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
general 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 10K 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.
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