CRA International Raises Quarterly Dividend 16% to $0.57 Per Share
CRA International, a global consulting firm specializing in economic and financial advisory services, declared a quarterly cash dividend of $0.57 per share, up from $0.49 in the prior quarter. The dividend will be paid March 20 to shareholders of record as of March 10.
CRA International, Inc. (NASDAQ: CRAI), a global consulting firm specializing in economic, financial, and management consulting services, declared a quarterly cash dividend of $0.57 per share on February 26, 2026. The dividend represents a 16% increase from the prior quarter's $0.49 per share payment. Read more dividend announcements.
The dividend will be paid on March 20, 2026 to shareholders of record as of March 10, 2026. The company expects to continue paying quarterly dividends, though the declaration, timing and amounts remain subject to board discretion.
| Dividend Details | Information |
|---|---|
| Amount | $0.57 per share |
| Previous Amount | $0.49 per share |
| Record Date | March 10, 2026 |
| Payment Date | March 20, 2026 |
| Frequency | Quarterly |
Share Repurchase Authorization Expanded
Concurrent with the dividend announcement, CRA's board authorized a $55.0 million expansion to the company's existing share repurchase program. The authorization adds to the $10.9 million currently remaining under the program, bringing total available authorization to $65.9 million.
The company may repurchase shares in the open market or through privately negotiated transactions. The timing, amount and extent of repurchases will depend on market conditions and other factors at management's discretion.
Recent Capital Allocation Activity
During fiscal 2025, which ended January 3, 2026, CRA repurchased approximately 252,000 shares of common stock for $47.1 million. The company paid $13.8 million in dividends and dividend equivalents during the year, compared with $12.3 million in fiscal 2024.
In the fourth quarter alone, CRA paid $3.7 million in dividends at the previous $0.49 per share rate, compared with $3.4 million in the prior year's fourth quarter.
Balance Sheet Position
CRA reported total revenue of $330.0 million at January 3, 2026, compared with $251.3 million at December 28, 2024. Cash and cash equivalents stood at $18.2 million, down from $26.7 million at the prior fiscal year-end.
The company had $34.0 million in outstanding borrowings under its revolving credit facility as of January 3, 2026, compared with no outstanding borrowings at the end of fiscal 2024.
Net cash provided by operating activities totaled $22.4 million for fiscal 2025, compared with $49.7 million in fiscal 2024. Capital expenditures were $3.9 million during fiscal 2025, down from $16.6 million in the prior year.