Kelly Services, Inc. to Issue Quarterly Dividend of $0.08 (NASDAQ:KELYA)

Kelly Services, Inc. (NASDAQ:KELYA) declared a quarterly dividend on Monday, November 3rd. Investors of record on Wednesday, November 19th will be paid a dividend of 0.075 per share by the business services provider on Wednesday, December 3rd. This represents a c) annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Wednesday, November 19th.

Kelly Services has a payout ratio of 10.9% 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 $8.34 on Monday. Kelly Services has a fifty-two week low of $8.31 and a fifty-two week high of $15.71. The company has a market cap of $294.00 million, a PE ratio of -41.70, a P/E/G ratio of 0.41 and a beta of 0.86. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.52 and a current ratio of 1.52. The business has a 50-day simple moving average of $12.24 and a two-hundred day simple moving average of $12.47.

Kelly Services (NASDAQ:KELYA) last announced its quarterly earnings data on Thursday, November 6th. The business services provider reported $0.18 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.24). The company had revenue of $935.00 million during the quarter, compared to analysts’ expectations of $972.80 million. Kelly Services had a negative net margin of 0.14% and a positive return on equity of 5.65%. Kelly Services has set its Q4 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, equities analysts expect that Kelly Services will post 2.45 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, SVP Daniel H. Malan sold 10,000 shares of Kelly Services stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $14.24, for a total transaction of $142,400.00. Following the completion of the transaction, the senior vice president directly owned 95,281 shares in the company, valued at approximately $1,356,801.44. This trade represents a 9.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Nicola M. Soares sold 27,412 shares of the business’s stock in a transaction that occurred on Tuesday, September 23rd. The shares were sold at an average price of $13.43, for a total value of $368,143.16. Following the completion of the transaction, the senior vice president directly owned 40,134 shares of the company’s stock, valued at $538,999.62. The trade was a 40.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 52,902 shares of company stock valued at $721,526 over the last 90 days. 48.09% of the stock is currently owned by insiders.

Institutional Trading of Kelly Services

Institutional investors and hedge funds have recently made changes to their positions in the business. Versant Capital Management Inc raised its stake in shares of Kelly Services by 52.0% during the 3rd quarter. Versant Capital Management Inc now owns 3,006 shares of the business services provider’s stock worth $39,000 after buying an additional 1,028 shares during the period. GAMMA Investing LLC increased its holdings in Kelly Services by 175.4% in the 3rd quarter. GAMMA Investing LLC now owns 3,385 shares of the business services provider’s stock worth $44,000 after acquiring an additional 2,156 shares in the last quarter. Quarry LP acquired a new position in Kelly Services during the first quarter worth $48,000. Tower Research Capital LLC TRC lifted its holdings in Kelly Services by 83.5% during the second quarter. Tower Research Capital LLC TRC now owns 4,324 shares of the business services provider’s stock valued at $51,000 after purchasing an additional 1,967 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its position in shares of Kelly Services by 46.8% in the third quarter. PNC Financial Services Group Inc. now owns 4,944 shares of the business services provider’s stock valued at $65,000 after purchasing an additional 1,577 shares during the period. 76.34% of the stock is currently owned by hedge funds and other institutional investors.

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.