CRA International, Inc. Announces Quarterly Dividend of $0.49 (NASDAQ:CRAI)

CRA International, Inc. (NASDAQ:CRAI) declared a quarterly dividend on Thursday, February 20th,RTT News reports. Investors of record on Tuesday, March 4th will be given a dividend of 0.49 per share by the business services provider on Friday, March 14th. This represents a $1.96 annualized dividend and a yield of 1.03%.

CRA International has increased its dividend by an average of 17.1% per year over the last three years. CRA International has a dividend payout ratio of 24.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect CRA International to earn $7.52 per share next year, which means the company should continue to be able to cover its $1.96 annual dividend with an expected future payout ratio of 26.1%.

CRA International Price Performance

NASDAQ:CRAI opened at $189.43 on Thursday. The stock has a market cap of $1.28 billion, a P/E ratio of 30.65, a PEG ratio of 1.57 and a beta of 1.13. CRA International has a one year low of $110.07 and a one year high of $210.70. The company has a fifty day moving average price of $187.33 and a 200 day moving average price of $181.21.

Wall Street Analyst Weigh In

Several research firms recently commented on CRAI. Barrington Research upped their target price on shares of CRA International from $194.00 to $212.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. StockNews.com cut shares of CRA International from a “buy” rating to a “hold” rating in a research note on Friday, November 1st.

About CRA International

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.