Kelly Services, Inc. (NASDAQ:KELYB) Stock to Pay Quarterly Dividend of $0.07

Kelly Services, Inc. (NASDAQ:KELYB) declared a quarterly dividend on Thursday, November 5th. Shareholders of record on Wednesday, November 18th will be given 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 dividend yield of 1.2%. The ex-dividend date is Wednesday, November 18th.

Kelly Services has increased its dividend by an average of 0.3% annually 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 Trading Down 2.2%

Shares of KELYB opened at $26.05 on Friday. The firm has a market cap of $904.94 million, a price-to-earnings ratio of -3.34 and a beta of 0.88. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.50 and a current ratio of 1.50. Kelly Services has a fifty-two week low of $8.38 and a fifty-two week high of $125.00. The firm has a 50 day moving average price of $23.67 and a 200-day moving average price of $19.38.

Kelly Services (NASDAQ:KELYB) last announced its quarterly earnings data on Thursday, November 5th. The business services provider reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. Kelly Services had a negative net margin of 6.73% and a positive return on equity of 2.69%. The company had revenue of $927.20 million during the quarter, compared to analysts’ expectations of $925.87 million.

Kelly Services Company Profile

Kelly Services, Inc (NASDAQ: KELYB) is a workforce solutions and staffing company that connects employers with talent across a range of industries and skill levels. Its services include temporary and contract staffing, direct-hire and permanent placement, recruitment process outsourcing, and workforce management solutions.

The company serves organizations through specialized offerings for professional and technical roles, science and engineering, education, office and administrative functions, industrial positions, and other workforce categories.