Business
Exponent Increases Quarterly Dividend Payment from $0.16 to $0.19 per Share
MENLO PARK, Calif., Feb. 06, 2020 (GLOBE NEWSWIRE) -- Exponent, Inc. (Nasdaq:EXPO) today announced that its Board of Directors has declared an increased
About this update from Exponent, Inc.
[{"type":"text","content":"MENLO PARK, Calif., Feb. 06, 2020 (GLOBE NEWSWIRE) -- 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. \n “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, [email protected], 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 i...