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

Kelly Services, Inc. (NASDAQ:KELYA) declared a quarterly dividend on Tuesday, February 11th, NASDAQ Dividends reports. Investors of record on Wednesday, February 26th will be paid a dividend of 0.075 per share by the business services provider on Wednesday, March 12th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date is Wednesday, February 26th.

Kelly Services has increased its dividend by an average of 44.2% per year over the last three years. Kelly Services has a payout ratio of 10.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Kelly Services to earn $2.88 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 10.4%.

Kelly Services Price Performance

Shares of NASDAQ:KELYA opened at $13.87 on Monday. The company’s 50-day moving average is $13.76 and its 200 day moving average is $17.06. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.65 and a current ratio of 1.65. The company has a market capitalization of $483.90 million, a P/E ratio of -231.13, a price-to-earnings-growth ratio of 0.43 and a beta of 1.11. Kelly Services has a fifty-two week low of $12.68 and a fifty-two week high of $25.27.

Kelly Services (NASDAQ:KELYA) last released its quarterly earnings data on Thursday, February 13th. The business services provider reported $0.82 EPS for the quarter, beating the consensus estimate of $0.44 by $0.38. Kelly Services had a negative net margin of 0.01% and a positive return on equity of 6.56%. The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.15 billion. On average, equities research analysts forecast that Kelly Services will post 2.45 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Barrington Research reissued an “outperform” rating and set a $25.00 price objective on shares of Kelly Services in a research note on Tuesday, February 18th.

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.