Kforce Inc. (KFRC) to Issue Quarterly Dividend of $0.39 on March 21st

Kforce Inc. (NASDAQ:KFRC) declared a quarterly dividend on Monday, February 3rd,Wall Street Journal reports. Shareholders of record on Friday, March 7th will be paid a dividend of 0.39 per share by the business services provider on Friday, March 21st. This represents a $1.56 annualized dividend and a yield of 2.90%. The ex-dividend date is Friday, March 7th. This is a boost from Kforce’s previous quarterly dividend of $0.38.

Kforce has a dividend payout ratio of 43.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Kforce to earn $2.90 per share next year, which means the company should continue to be able to cover its $1.52 annual dividend with an expected future payout ratio of 52.4%.

Kforce Trading Down 0.9 %

NASDAQ:KFRC traded down $0.46 during trading hours on Wednesday, reaching $53.84. 142,338 shares of the company were exchanged, compared to its average volume of 99,984. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of 18.56 and a beta of 0.88. The stock has a 50 day simple moving average of $57.26 and a 200 day simple moving average of $59.94. Kforce has a 52-week low of $52.96 and a 52-week high of $74.79. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.06 and a quick ratio of 2.06.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on KFRC. Truist Financial dropped their price objective on shares of Kforce from $68.00 to $58.00 and set a “hold” rating on the stock in a research note on Tuesday, October 29th. Sidoti upgraded shares of Kforce from a “neutral” rating to a “buy” rating and set a $71.00 price objective on the stock in a report on Tuesday, October 15th. Finally, StockNews.com upgraded Kforce from a “hold” rating to a “buy” rating in a research note on Saturday, November 30th.

Kforce Company Profile

Kforce Inc provides professional staffing services and solutions in the United States. It operates through two segments, Technology, and Finance and Accounting (FA). The Technology segment provides talent solutions to its clients primarily in the areas of information technology, such as systems/applications architecture and development, data management and analytics, business and artificial intelligence, machine learning, project and program management, and network architecture and security.