Charles River Associates (NASDAQ:CRAI) Plans Quarterly Dividend of $0.67

Charles River Associates (NASDAQ:CRAI) announced a quarterly dividend on Thursday, November 5th. Stockholders of record on Tuesday, November 24th will be given a dividend of $0.67 per share by the business services provider on Friday, December 11th. This represents a $2.68 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Tuesday, November 24th. This is a 17.5% increase from Charles River Associates’s previous quarterly dividend of $0.57.

Charles River Associates has increased its dividend by an average of 0.2% per year over the last three years and has raised its dividend annually for the last 7 consecutive years. Charles River Associates has a dividend payout ratio of 26.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Charles River Associates to earn $9.43 per share next year, which means the company should continue to be able to cover its $2.28 annual dividend with an expected future payout ratio of 24.2%.

Charles River Associates Stock Performance

Shares of CRAI traded up $8.19 during trading hours on Thursday, hitting $202.94. The stock had a trading volume of 340,101 shares, compared to its average volume of 154,280. The firm has a market cap of $1.27 billion, a P/E ratio of 27.02, a P/E/G ratio of 1.45 and a beta of 0.64. The company’s fifty day simple moving average is $175.72 and its 200 day simple moving average is $166.18. Charles River Associates has a 12-month low of $132.17 and a 12-month high of $227.29.

Charles River Associates (NASDAQ:CRAI) last announced its quarterly earnings results on Thursday, November 5th. The business services provider reported $2.19 EPS for the quarter, topping the consensus estimate of $2.07 by $0.12. The company had revenue of $214.92 million during the quarter, compared to analyst estimates of $199.04 million. Charles River Associates had a return on equity of 27.31% and a net margin of 6.20%. As a group, sell-side analysts predict that Charles River Associates will post 8.43 earnings per share for the current fiscal year.

Charles River Associates Company Profile

Charles River Associates, operating as CRA International, Inc, is a global consulting firm that provides economic, financial, and management consulting services. The company advises corporations, law firms, government agencies, and other organizations on complex business, legal, regulatory, and strategic matters.

CRA’s services include economic and financial analysis for litigation and regulatory proceedings, antitrust and competition consulting, corporate strategy, business performance improvement, and investigations.