Kelly Services, Inc. to Issue Quarterly Dividend of $0.07 (NASDAQ:KELYB)

Kelly Services, Inc. (NASDAQ:KELYB) announced a quarterly dividend on Tuesday, August 4th. Shareholders of record on Wednesday, August 19th will be paid a dividend of 0.075 per share by the business services provider on Wednesday, September 2nd. This represents a c) annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Wednesday, August 19th.

Kelly Services has raised its dividend 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.

Kelly Services Price Performance

Shares of Kelly Services stock opened at $23.94 on Monday. The firm has a market cap of $831.44 million, a PE ratio of -3.07 and a beta of 0.82. Kelly Services has a 12-month low of $8.38 and a 12-month high of $125.00. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.08. The company’s fifty day simple moving average is $21.40 and its two-hundred day simple moving average is $17.87.

Kelly Services (NASDAQ:KELYB) last posted its earnings results on Thursday, August 6th. The business services provider reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.19. Kelly Services had a negative net margin of 6.73% and a positive return on equity of 2.69%. The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.01 billion.

Kelly Services Company Profile

Kelly Services, Inc engages in staffing and workforce solutions. It operates through the following segments: Americas Staffing, Global Talent Solutions, and International Staffing. The Americas Staffing segment delivers temporary staffing, as well as direct-hire placement services, in a number of specialty staffing services, including office, education, marketing, electronic assembly, light industrial, science, engineering, and information technology in United States, Puerto Rico, Canada, Mexico and Brazil.