ICF International said on August 3, 2023 that its board of directors declared a regular quarterly dividend of $0.14 per share ($0.56 annualized). Previously, the company paid $0.14 per share.
Shares must be purchased before the ex-div date of September 7, 2023 to qualify for the dividend. Shareholders of record as of September 8, 2023 will receive the payment on October 13, 2023.
At the current share price of $129.70 / share, the stock's dividend yield is 0.43%.
Looking back five years and taking a sample every week, the average dividend yield has been 0.66%, the lowest has been 0.43%, and the highest has been 0.94%. The standard deviation of yields is 0.12 (n=234).
The current dividend yield is 1.89 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.16. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company has not increased its dividend in the last three years.
What is the Fund Sentiment?
There are 529 funds or institutions reporting positions in ICF International. This is a decrease of 9 owner(s) or 1.67% in the last quarter. Average portfolio weight of all funds dedicated to ICFI is 0.30%, an increase of 2.20%. Total shares owned by institutions decreased in the last three months by 2.72% to 23,090K shares. 
The put/call ratio of ICFI is 0.14, indicating a bullish outlook.
Analyst Price Forecast Suggests 7.74% Upside
As of August 2, 2023, the average one-year price target for ICF International is 139.74. The forecasts range from a low of 136.35 to a high of $147.00. The average price target represents an increase of 7.74% from its latest reported closing price of 129.70.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for ICF International is 2,016MM, an increase of 4.63%. The projected annual non-GAAP EPS is 6.09.
What are Other Shareholders Doing?
Silvercrest Asset Management Group holds 1,011K shares representing 5.38% ownership of the company. In it's prior filing, the firm reported owning 1,036K shares, representing a decrease of 2.44%. The firm increased its portfolio allocation in ICFI by 6.81% over the last quarter.
Ameriprise Financial holds 828K shares representing 4.40% ownership of the company. In it's prior filing, the firm reported owning 796K shares, representing an increase of 3.85%. The firm increased its portfolio allocation in ICFI by 10.21% over the last quarter.
Victory Capital Management holds 816K shares representing 4.34% ownership of the company. In it's prior filing, the firm reported owning 914K shares, representing a decrease of 12.02%. The firm decreased its portfolio allocation in ICFI by 39.19% over the last quarter.
Capital Research Global Investors holds 654K shares representing 3.48% ownership of the company. No change in the last quarter.
SSGSX - Victory Sycamore Small Company Opportunity Fund holds 625K shares representing 3.32% ownership of the company. In it's prior filing, the firm reported owning 615K shares, representing an increase of 1.60%. The firm increased its portfolio allocation in ICFI by 4.48% over the last quarter.
ICF International Background Information
(This description is provided by the company.)
ICF International, Inc. provides management, technology, policy consulting, and implementation services primarily to the U.S. federal government, as well as to other government, commercial, and international clients.
Additional reading:
- ICF Reports Second Quarter 2023 Results —Signed Definitive Agreements to Sell Commercial Marketing Group— —Strategic Tuck-In Acquisition of Engineering Advisory Firm CMY Expands ICF’s Addressable Market— —Re-AffirmsFull Year 2023 Guidance Ranges—
- ICF Announces Timing of Second Quarter 2023 Earnings Release and Conference Call
- WAIVER, ACKNOWLEDGEMENT, AND FIRST AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT AND OTHER LOAN DOCUMENTS
- ICF Reports First Quarter 2023 Results
- ICF Announces Timing of First Quarter 2023 Earnings Release and Conference Call
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
