CRA International, Inc. (NASDAQ:CRAI) Plans Quarterly Dividend of $0.42

CRA International, Inc. (NASDAQ:CRAI - Get Free Report) announced a quarterly dividend on Thursday, May 2nd, Zacks reports. Investors of record on Tuesday, May 28th will be given a dividend of 0.42 per share by the business services provider on Friday, June 14th. This represents a $1.68 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date is Tuesday, May 28th.

CRA International has increased its dividend by an average of 16.5% annually over the last three years and has raised its dividend every year for the last 6 years. CRA International has a dividend payout ratio of 25.1% meaning its dividend is sufficiently covered by earnings. Analysts expect CRA International to earn $6.64 per share next year, which means the company should continue to be able to cover its $1.68 annual dividend with an expected future payout ratio of 25.3%.

CRA International Stock Performance

NASDAQ CRAI traded up $0.22 during trading hours on Friday, reaching $153.82. 28,076 shares of the company's stock were exchanged, compared to its average volume of 25,062. The company's 50-day moving average is $142.59 and its two-hundred day moving average is $115.17. CRA International has a one year low of $81.29 and a one year high of $162.99. The company has a market capitalization of $1.06 billion, a price-to-earnings ratio of 25.13, a price-to-earnings-growth ratio of 1.63 and a beta of 1.22.

CRA International (NASDAQ:CRAI - Get Free Report) last posted its earnings results on Thursday, February 29th. The business services provider reported $1.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.10 by $0.53. The business had revenue of $161.61 million during the quarter, compared to analysts' expectations of $149.51 million. CRA International had a return on equity of 20.91% and a net margin of 6.73%. Research analysts predict that CRA International will post 5.88 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com cut shares of CRA International from a "strong-buy" rating to a "buy" rating in a research note on Friday.

Insider Activity

In other CRA International news, CEO Paul A. Maleh sold 7,500 shares of CRA International stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $138.66, for a total transaction of $1,039,950.00. Following the completion of the transaction, the chief executive officer now directly owns 170,280 shares of the company's stock, valued at $23,611,024.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Thomas Aiken Avery sold 1,000 shares of the firm's stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $138.05, for a total transaction of $138,050.00. Following the transaction, the director now directly owns 15,504 shares of the company's stock, valued at $2,140,327.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Paul A. Maleh sold 7,500 shares of the business's stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $138.66, for a total value of $1,039,950.00. Following the completion of the sale, the chief executive officer now owns 170,280 shares of the company's stock, valued at $23,611,024.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 10,750 shares of company stock valued at $1,487,085. 5.30% of the stock is owned by insiders.

CRA International Company Profile

CRA International, Inc, together with its subsidiaries, provides economic, financial, and management consulting services worldwide. It advises clients on economic and financial matters pertaining to litigation and regulatory proceedings; and guides corporations through business strategy and performance-related issues.