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

Kelly Services, Inc. (NASDAQ:KELYB) announced a quarterly dividend on Tuesday, August 4th. Stockholders 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 dividend yield of 1.3%. The ex-dividend date of this dividend is Wednesday, August 19th.

Kelly Services has increased its dividend by an average of 0.3%per year over the last three years. Kelly Services has a dividend payout ratio of 10.9% indicating that its dividend is sufficiently covered by earnings.

Kelly Services Stock Performance

NASDAQ KELYB opened at $23.94 on Monday. The firm has a market cap of $831.44 million, a P/E ratio of -3.07 and a beta of 0.82. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.08. The business’s 50-day moving average price is $21.40 and its 200 day moving average price is $17.87. Kelly Services has a 52-week low of $8.38 and a 52-week high of $125.00.

Kelly Services (NASDAQ:KELYB) last released its quarterly earnings results on Thursday, August 6th. The business services provider reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.19. Kelly Services had a positive return on equity of 2.69% and a negative net margin of 6.73%.The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.01 billion.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Kelly Services in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company currently has an average rating of “Sell”.

About Kelly Services

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.