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

ICF International, Inc. (NASDAQ:ICFI) announced a quarterly dividend on Friday, February 28th, Wall Street Journal reports. Stockholders 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 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend is Friday, March 28th.

ICF International has a payout ratio of 6.3% indicating that its dividend is sufficiently covered by earnings. 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 ICFI stock opened at $79.26 on Friday. The firm has a 50-day moving average of $116.03 and a 200-day moving average of $142.44. The company has a market cap of $1.49 billion, a P/E ratio of 13.93 and a beta of 0.56. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.21 and a quick ratio of 1.21. ICF International has a one year low of $77.02 and a one year high of $179.67.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Sidoti upgraded shares of ICF International from a “neutral” rating to a “buy” rating and set a $185.00 target price for the company in a report on Tuesday, November 19th. D. Boral Capital reiterated an “outperform” rating and issued a $174.00 target price on shares of ICF International in a report on Monday, December 16th. Truist Financial lowered their target price on shares of ICF International from $180.00 to $140.00 and set a “hold” rating for the company in a report on Friday, November 22nd. StockNews.com downgraded shares of ICF International from a “strong-buy” rating to a “buy” rating in a report on Wednesday, November 27th. Finally, Canaccord Genuity Group reiterated a “hold” rating and issued a $100.00 target price (down from $200.00) on shares of ICF International in a research note on Friday. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $154.60.

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.