Kelly Services, Inc. (KELYA) to Issue Quarterly Dividend of $0.07 on September 2nd

Kelly Services, Inc. (NASDAQ:KELYA) 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 1.9%. The ex-dividend date of this dividend is Wednesday, August 19th.

Kelly Services has increased its dividend payment by an average of 0.3%per year over the last three years. Kelly Services has a payout ratio of 10.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Kelly Services to earn $1.83 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 16.4%.

Kelly Services Stock Performance

Shares of KELYA opened at $16.06 on Monday. Kelly Services has a fifty-two week low of $7.98 and a fifty-two week high of $17.75. The firm has a market cap of $557.76 million, a price-to-earnings ratio of -2.06, a PEG ratio of 1.12 and a beta of 0.83. The firm has a 50 day moving average price of $13.78 and a 200-day moving average price of $11.14. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.50 and a current ratio of 1.50.

Kelly Services (NASDAQ:KELYA) last issued its earnings results on Thursday, August 6th. The business services provider reported $0.37 EPS 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 for the quarter, compared to analysts’ expectations of $1.01 billion. During the same quarter last year, the company earned $0.52 EPS. As a group, equities research analysts forecast that Kelly Services will post 1.1 earnings per share for the current 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.