Kelly Services, Inc. (NASDAQ:KELYA) to Issue $0.07 Quarterly Dividend

Kelly Services, Inc. (NASDAQ:KELYA) announced a quarterly dividend on Tuesday, August 4th. Investors 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 1.9%. The ex-dividend date of this dividend is Wednesday, August 19th.

Kelly Services has increased 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 research 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

NASDAQ:KELYA opened at $16.06 on Monday. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.50 and a quick ratio of 1.50. The firm has a market cap of $557.76 million, a price-to-earnings ratio of -2.06, a price-to-earnings-growth ratio of 1.12 and a beta of 0.83. The firm’s fifty day moving average price is $13.78 and its 200 day moving average price is $11.14. Kelly Services has a 1-year low of $7.98 and a 1-year high of $17.75.

Kelly Services (NASDAQ:KELYA) last announced its quarterly earnings data on Thursday, August 6th. The business services provider reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.19. Kelly Services had a negative net margin of 6.73% and a positive return on equity of 2.69%. The company had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the prior year, the firm earned $0.52 EPS. On average, sell-side analysts expect that Kelly Services will post 1.1 EPS for the current year.

About Kelly Services

Kelly Services, Inc is a global workforce solutions provider specializing in talent acquisition and staffing services across a wide range of industries. The company offers temporary staffing, permanent placement, outsourcing solutions, and consulting services to help organizations address their workforce needs. Its service offerings are designed to support clients in areas such as administrative support, information technology, engineering, science, education, healthcare, and industrial sectors.

Founded in 1946 by William Russell Kelly, Kelly Services has grown from a small local staffing firm into an international organization.