Exponent boosts dividend to 28c, announces $61.6M increase to buyback

Exponent announced that its Board of Directors has raised its quarterly dividend from $ 26 to 28c per share of common stock. The quarterly cash dividend of 28c per share of common stock is to be paid on March 22 to all common stockholders of record as of March 8…Additionally, our Board of Directors approved an increase of $61.6M to our current stock repurchase authorization bringing our total authorization to $100M , 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 ending the year with $187.2 million in cash and cash equivalents.”