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

Kelly Services, Inc. (NASDAQ:KELYB) declared a quarterly dividend on Tuesday, May 5th. Stockholders of record on Monday, May 18th will be paid a dividend of 0.075 per share by the business services provider on Tuesday, June 2nd. This represents a c) annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Monday, May 18th.

Kelly Services has increased its dividend 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.

Kelly Services Stock Up 0.7%

Shares of NASDAQ:KELYB opened at $16.10 on Friday. The company has a fifty day moving average of $15.02 and a 200-day moving average of $12.85. The company has a market capitalization of $558.19 million, a PE ratio of -2.12 and a beta of 0.71. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.59 and a current ratio of 1.59. Kelly Services has a 52-week low of $8.38 and a 52-week high of $125.00.

Kelly Services (NASDAQ:KELYB) last announced its quarterly earnings results on Thursday, May 7th. The business services provider reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.03). The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.02 billion. Kelly Services had a positive return on equity of 3.07% and a negative net margin of 6.44%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings downgraded shares of Kelly Services from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

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.