Kelly Services, Inc. (KELYA) To Go Ex-Dividend on November 18th

Kelly Services, Inc. (NASDAQ:KELYA) declared a quarterly dividend on Wednesday, November 4th. Shareholders of record on Wednesday, November 18th will be paid a dividend of $0.0750 per share by the business services provider on Wednesday, December 2nd. This represents a $0.30 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Wednesday, November 18th.

Kelly Services has raised its dividend payment 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. Equities analysts expect Kelly Services to earn $1.83 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 16.4%.

Kelly Services Stock Performance

KELYA stock traded down $0.28 during midday trading on Friday, hitting $13.77. The stock had a trading volume of 172,366 shares, compared to its average volume of 406,902. Kelly Services has a 52 week low of $7.98 and a 52 week high of $17.75. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.08. The stock has a 50-day simple moving average of $16.22 and a 200 day simple moving average of $12.62. The firm has a market capitalization of $478.26 million, a price-to-earnings ratio of -1.76, a P/E/G ratio of 1.18 and a beta of 0.93.

Kelly Services (NASDAQ:KELYA) last announced its quarterly earnings results on Thursday, November 5th. The business services provider reported $0.07 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.07. The firm had revenue of $927.20 million for the quarter, compared to analyst estimates of $925.87 million. Kelly Services had a negative net margin of 6.73% and a positive return on equity of 2.69%. As a group, equities research analysts anticipate that Kelly Services will post 1.10 earnings per share for the current year.

Kelly Services Company Profile

Kelly Services, Inc is a workforce solutions company that provides staffing, recruiting, and talent-management services to employers. The company helps organizations address temporary, contract, direct-hire, and outsourced workforce needs across a range of industries and skill levels.

Its offerings include professional and industrial staffing, office and administrative support, science and engineering talent, education staffing, contact-center solutions, and workforce outsourcing and consulting.