Kelly Services, Inc. (NASDAQ:KELYA) to Issue $0.08 Quarterly Dividend

Kelly Services, Inc. (NASDAQ:KELYA) declared a quarterly dividend on Thursday, May 9th, Zacks reports. Shareholders of record on Monday, May 20th will be given a dividend of 0.075 per share by the business services provider on Tuesday, June 4th. This represents a $0.30 annualized dividend and a yield of 1.31%. The ex-dividend date of this dividend is Friday, May 17th.

Kelly Services has raised its dividend by an average of 58.7% per year over the last three years.

Kelly Services Stock Performance

KELYA traded up $0.87 during trading on Friday, hitting $22.89. 99,931 shares of the stock were exchanged, compared to its average volume of 225,682. The firm has a 50 day simple moving average of $24.03 and a 200 day simple moving average of $21.95. The firm has a market cap of $807.77 million, a price-to-earnings ratio of 23.33, a P/E/G ratio of 1.02 and a beta of 1.19. Kelly Services has a 1 year low of $16.56 and a 1 year high of $25.27.

Kelly Services (NASDAQ:KELYA) last announced its earnings results on Thursday, February 15th. The business services provider reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.38. The business had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.22 billion. Kelly Services had a return on equity of 6.50% and a net margin of 0.75%. The business’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter last year, the firm earned $0.18 EPS. As a group, equities analysts anticipate that Kelly Services will post 1.78 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Kelly Services news, EVP Olivier Thirot sold 20,000 shares of Kelly Services stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $24.07, for a total transaction of $481,400.00. Following the completion of the transaction, the executive vice president now owns 174,793 shares in the company, valued at approximately $4,207,267.51. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Kelly Services news, SVP Timothy L. Dupree sold 12,711 shares of Kelly Services stock in a transaction dated Friday, March 8th. The stock was sold at an average price of $24.98, for a total transaction of $317,520.78. Following the completion of the transaction, the senior vice president now owns 32,392 shares in the company, valued at approximately $809,152.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Olivier Thirot sold 20,000 shares of Kelly Services stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $24.07, for a total value of $481,400.00. Following the completion of the transaction, the executive vice president now owns 174,793 shares of the company’s stock, valued at approximately $4,207,267.51. The disclosure for this sale can be found here. 3.50% of the stock is currently owned by insiders.

Kelly Services Company Profile

Kelly Services, Inc, together with its subsidiaries, provides workforce solutions to various industries. The company operates through five segments: Professional & Industrial; Science, Engineering & Technology; Education; Outsourcing & Consulting; and International. The Professional & Industrial segment delivers staffing, outcome-based, and permanent placement services providing administrative, accounting, and finance; light industrial; contact center staffing; and other workforce solutions.