ICF International, Inc. to Issue Quarterly Dividend of $0.14 (NASDAQ:ICFI)

Key Points

• ICF International, Inc. announced a quarterly dividend of $0.14 per share, with the ex-dividend date set for September 5th and payment scheduled for October 10th.
• The company's recent earnings report showed a net margin of 5.45% and a revenue decline of 7.2% year-over-year, with earnings per share of $1.66 beating estimates by $0.03.
• ICF International's stock rose by 5.4% on the day of the announcement, reaching a price of $88.45 amid increased trading volume.

ICF International, Inc. (NASDAQ:ICFI - Get Free Report) declared a quarterly dividend on Friday, August 1st, Wall Street Journal reports. Stockholders of record on Friday, September 5th will be given a dividend of 0.14 per share by the business services provider on Friday, October 10th. This represents a c) dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, September 5th.

ICF International has a dividend payout ratio of 7.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect ICF International to earn $8.13 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 6.9%.

ICF International Stock Performance

Shares of NASDAQ ICFI traded up $0.41 during mid-day trading on Tuesday, hitting $90.38. The company had a trading volume of 36,430 shares, compared to its average volume of 244,443. The firm has a market cap of $1.66 billion, a P/E ratio of 15.72 and a beta of 0.49. The business's 50-day simple moving average is $85.58 and its 200-day simple moving average is $90.91. ICF International has a 12 month low of $75.91 and a 12 month high of $179.67. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.34 and a quick ratio of 1.34.

ICF International (NASDAQ:ICFI - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The business services provider reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.63 by $0.03. ICF International had a net margin of 5.45% and a return on equity of 14.59%. The firm had revenue of $476.16 million during the quarter, compared to the consensus estimate of $482.84 million. During the same period last year, the firm posted $1.69 EPS. The firm's quarterly revenue was down 7.2% on a year-over-year basis. As a group, analysts predict that ICF International will post 7.44 earnings per share for the current fiscal year.

ICF International Company Profile

ICF International, Inc provides management, technology, and policy consulting and implementation services to government and commercial clients in the United States and internationally. The company researches critical policy, industry, stakeholder issues, trends, and behaviors; measures and evaluates results and their impact; and provides strategic planning and advisory services to its clients on how to navigate societal, business, market, business, communication, and technology challenges.