Charles River Associates (CRA) Declares Quarterly Cash Dividend of $0.26 Per Common Share

Rhea-AI Summary

Charles River Associates (NASDAQ: CRAI) has declared a quarterly cash dividend of $0.26 per share, payable on September 10, 2021, to shareholders on record as of August 31, 2021. The firm plans to continue this practice of issuing quarterly dividends, subject to the Board’s discretion.

This announcement reinforces CRA's commitment to returning value to shareholders while highlighting its ongoing financial health and operational stability.

Positive

• Quarterly cash dividend of $0.26 per share announced.
• Commitment to ongoing dividend payments reflects financial stability.

Negative

• Uncertainties surrounding future dividends due to market conditions and operational risks as mentioned in the safe harbor statement.

Charles River Associates (NASDAQ: CRAI), a worldwide leader in providing economic, financial and management consulting services, today announced that its Board of Directors has declared a quarterly cash dividend of $0.26 per common share to be paid on September 10, 2021 to shareholders of record of CRA’s common stock as of the close of business on August 31, 2021. The Company expects to continue paying quarterly dividends, the declaration, timing and amounts of which remain subject to the discretion of CRA’s Board of Directors.

About Charles River Associates (CRA)

Charles River Associates® is a leading global consulting firm specializing in economic, financial and management consulting services. CRA advises clients on economic and financial matters pertaining to litigation and regulatory proceedings, and guides corporations through critical business strategy and performance-related issues. Since 1965, clients have engaged CRA for its unique combination of functional expertise and industry knowledge, and for its objective solutions to complex problems. Headquartered in Boston, CRA has offices throughout the world. Detailed information about Charles River Associates, a registered trade name of CRA International, Inc., is available at www.crai.com. Follow us on LinkedIn, Twitter, and Facebook.

SAFE HARBOR STATEMENT

Statements in this press release concerning our expectations regarding the payment of future quarterly dividends are “forward-looking” statements as defined in Section 21 of the Exchange Act. These statements are based upon our current expectations and various underlying assumptions. Although we believe there is a reasonable basis for these statements and assumptions, and these statements are expressed in good faith, these statements are subject to a number of additional factors and uncertainties. These factors include, but are not limited to, the possibility that the demand for our services may decline as a result of changes in general and industry specific economic conditions; the timing of engagements for our services; the effects of competitive services and pricing; our ability to attract and retain key employee or non-employee experts; the inability to integrate and utilize existing consultants and personnel; the decline or reduction in project work or activity; global economic conditions including less stable political and economic environments; the potential impact of the COVID-19 pandemic on our operations and results; foreign currency exchange rate fluctuations; unanticipated expenses and liabilities; risks inherent in international operations; changes in tax law or accounting standards, rules, and regulations; our ability to collect on forgivable loans should any become due; and professional and other legal liability or settlements. Additional risks and uncertainties are discussed in our periodic filings with the Securities and Exchange Commission under the heading “Risk Factors.” The inclusion of such forward-looking information should not be regarded as our representation that the future events, plans, or expectations contemplated will be achieved. Except as may be required by law, we undertake no obligation to update any forward-looking statements after the date of this press release, and we do not intend to do so.

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FAQ

What is the CRAI dividend amount?

The declared dividend amount is $0.26 per share.

When is the CRAI dividend payment date?

The dividend is payable on September 10, 2021.

What is the record date for the CRAI dividend?

The record date for the dividend is August 31, 2021.

Will CRAI continue to pay dividends in the future?

CRA expects to continue paying quarterly dividends, but this is subject to the Board's discretion.

What are the risks affecting CRAI's dividend payments?

Risks include economic conditions, competition, and operational uncertainties.