Kelly Services, Inc. (KELYA) To Go Ex-Dividend on May 18th

Kelly Services, Inc. (NASDAQ:KELYA) declared a quarterly dividend on Tuesday, May 5th. Shareholders of record on Monday, May 18th will be given a dividend of 0.075 per share by the business services provider on Tuesday, June 2nd. This represents a c) annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Monday, May 18th.

Kelly Services has raised its dividend payment by an average of 0.3%per year over the last three years. Kelly Services has a dividend payout ratio of 10.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Kelly Services to earn $1.93 per share next year, which means the company should continue to be able to cover its $0.30 annual dividend with an expected future payout ratio of 15.5%.

Kelly Services Trading Down 2.1%

Shares of NASDAQ:KELYA opened at $9.60 on Friday. Kelly Services has a 52 week low of $7.98 and a 52 week high of $14.94. The company’s 50 day moving average is $9.15 and its two-hundred day moving average is $9.38. The company has a market cap of $328.44 million, a PE ratio of -1.26, a P/E/G ratio of 0.74 and a beta of 0.79. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.13.

Kelly Services (NASDAQ:KELYA) last released its quarterly earnings data on Thursday, May 7th. The business services provider reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.04). The firm had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Kelly Services had a positive return on equity of 3.07% and a negative net margin of 6.44%. Equities analysts predict that Kelly Services will post 1.01 earnings per share for the current fiscal year.

About Kelly Services

Kelly Services, Inc is a global workforce solutions provider specializing in talent acquisition and staffing services across a wide range of industries. The company offers temporary staffing, permanent placement, outsourcing solutions, and consulting services to help organizations address their workforce needs. Its service offerings are designed to support clients in areas such as administrative support, information technology, engineering, science, education, healthcare, and industrial sectors.

Founded in 1946 by William Russell Kelly, Kelly Services has grown from a small local staffing firm into an international organization.