BOSTON--(BUSINESS WIRE)--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 $0.14 per share to be paid on June 16, 2017 to shareholders of record of CRA’s common stock as of the close of business on May 29, 2017. 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 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.
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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. Factors
that could affect the determination as to whether we declare cash
dividends in any future quarter include, but are not limited to, the
loss of key employee consultants or non-employee experts; their failure
to generate engagements for us; our inability to attract, hire or retain
qualified consultants, or to integrate and utilize existing consultants
and personnel; the unpredictable nature and risk of litigation-related
projects; dependence on the growth of our management consulting
practice; the change in demand for our services; the potential loss of
clients; changes in the law that affect our practice areas; global
economic conditions including less stable political and economic
environments; civil disturbances or other catastrophic events that
reduce business activity; foreign exchange rate fluctuations; intense
competition; our attributable annual cost savings; changes in our
effective tax rate; integration and generation of existing and new
clients; unanticipated expenses and liabilities; risks associated with
acquisitions (past, present, and future); risks inherent in
international operations; integration and management of new and existing
offices; the ability of clients to terminate engagements with us on
short notice; our ability to collect on forgivable loans should any
become due; general economic conditions; and professional and other
legal liability. Further information on these and other potential
factors that could affect our future business, operating results, and
financial condition is included in our periodic filings with the
Securities and Exchange Commission, including risks under the heading
“Risk Factors.” We cannot guarantee any future results, levels of
activity, performance, or achievement. 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.