Exponent, Inc. announces that its Board of Directors has raised its quarterly dividend by 20 percent from $0.20 to $0.24 per share of common stock. The quarterly cash dividend of $0.24 per share of common stock is to be paid on March 25, 2022 to all common stockholders of record as of March 11, 2022.

“Exponent is deeply committed to delivering long-term value for our shareholders. In 2021, we returned $50.2 million to shareholders in the form of $43.2 million in dividends and $7.0 million in common stock repurchases, and ended the year with $297.7 million in cash, cash equivalents, and short-term investments,” says Dr. Catherine Corrigan, president and chief executive officer. “We believe that the increase in our regular cash dividend not only demonstrates the strength of our balance sheet, but the resiliency of our business model amid a challenging economic environment.”

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.