ICF International, Inc. Plans 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 dividend on an annualized basis 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% meaning 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 Price Performance

Shares of ICFI opened at $79.26 on Friday. ICF International has a 12 month low of $77.02 and a 12 month high of $179.67. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.21 and a quick ratio of 1.21. The stock has a fifty day moving average price of $116.03 and a 200 day moving average price of $142.55. The company has a market cap of $1.49 billion, a P/E ratio of 13.93 and a beta of 0.56.

Analyst Ratings Changes

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