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

ICF International, Inc. (NASDAQ:ICFI) declared a quarterly dividend on Friday, February 28th, Wall Street Journal reports. Shareholders of record on Friday, March 28th will be paid a dividend of 0.14 per share by the business services provider on Monday, April 14th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date is Friday, March 28th.

ICF International has a payout ratio of 6.3% meaning its dividend is sufficiently covered by earnings. Research 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 Trading Down 20.7 %

NASDAQ ICFI traded down $20.71 during trading hours on Friday, hitting $79.26. 1,458,134 shares of the company’s stock were exchanged, compared to its average volume of 305,803. The business’s 50 day moving average is $116.83 and its 200-day moving average is $143.07. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.21 and a current ratio of 1.21. ICF International has a 12-month low of $77.02 and a 12-month high of $179.67. The firm has a market capitalization of $1.49 billion, a P/E ratio of 13.93 and a beta of 0.56.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on ICFI. StockNews.com downgraded shares of ICF International from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 27th. D. Boral Capital restated an “outperform” rating and set a $174.00 price objective on shares of ICF International in a report on Monday, December 16th. Truist Financial reduced their target price on ICF International from $180.00 to $140.00 and set a “hold” rating on the stock in a report on Friday, November 22nd. Sidoti raised ICF International from a “neutral” rating to a “buy” rating and set a $185.00 price target for the company in a research report on Tuesday, November 19th. Finally, Canaccord Genuity Group restated a “hold” rating and issued a $100.00 price objective (down from $200.00) on shares of ICF International in a report on Friday. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $154.60.

About ICF International

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.