Consulting firm boosts dividend yield above S&P 500’s
- Consulting firm Charles River raises dividend by 16.7% to 42 cents a share
- New dividend yield of 1.73% is higher than S&P 500’s yield of 1.65%
- Third-quarter adjusted earnings per share of $1.13, below expectations
- Revenue fell 0.6% to $147.6 million, missing expectations
- Unexpected slowdown in new project originations affected performance
Consulting firm Charles River, also known as CRA International Inc., announced a 16.7% increase in its quarterly dividend to 42 cents a share. This new dividend yield of 1.73% is now higher than the S&P 500’s yield of 1.65%. However, the company reported third-quarter adjusted earnings per share of $1.13, falling short of expectations, and revenue declined by 0.6% to $147.6 million, missing estimates. CEO Paul Maleh attributed the disappointing results to an unexpected slowdown in new project originations. The stock has declined 5.3% over the past three months, while the S&P 500 has lost 6.1%.
Factuality Level: 8
Factuality Justification: The article provides factual information about CRA International Inc., including the announcement of a dividend increase and the company’s third-quarter earnings. The information is based on the company’s official statements and financial data. There are no obvious biases or misleading information in the article.
Noise Level: 3
Noise Justification: The article provides relevant information about CRA International Inc., including the announcement of a dividend increase and the company’s third-quarter earnings. It also includes a quote from the CEO explaining the unexpected slowdown in new projects. However, the article lacks in-depth analysis or insights into the long-term trends or consequences of these developments. It mainly focuses on the financial performance of the company and its stock price compared to the S&P 500.
Financial Relevance: Yes
Financial Markets Impacted: CRA International Inc. (CRAI)
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article pertains to financial topics as it discusses CRA International Inc.’s dividend increase and its third-quarter financial results. There is no mention of an extreme event.
Public Companies: CRA International Inc. (CRAI), S&P 500 (SPX)
Key People: Paul Maleh (Chief Executive)
Reported publicly:
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