Kelly Services, Inc. (NASDAQ:KELYA) Announces $0.08 Quarterly Dividend

Kelly Services, Inc. (NASDAQ:KELYA) declared a quarterly dividend on Tuesday, February 11th, NASDAQ Dividends reports. Shareholders of record on Wednesday, February 26th will be paid a dividend of 0.075 per share by the business services provider on Wednesday, March 12th. This represents a $0.30 annualized dividend and a yield of 2.16%. The ex-dividend date is Wednesday, February 26th.

Kelly Services has increased its dividend payment by an average of 44.2% per year over the last three years. Kelly Services has a payout ratio of 10.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Kelly Services to earn $2.88 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 10.4%.

Kelly Services Trading Up 1.3 %

Shares of KELYA opened at $13.87 on Monday. Kelly Services has a 1-year low of $12.68 and a 1-year high of $25.27. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.19. The firm’s 50-day moving average price is $13.76 and its 200-day moving average price is $17.06. The firm has a market capitalization of $483.90 million, a price-to-earnings ratio of -231.13, a PEG ratio of 0.43 and a beta of 1.11.

Kelly Services (NASDAQ:KELYA) last posted its quarterly earnings data on Thursday, February 13th. The business services provider reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.38. Kelly Services had a positive return on equity of 6.56% and a negative net margin of 0.01%. The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Sell-side analysts anticipate that Kelly Services will post 2.45 EPS for the current year.

Analyst Ratings Changes

Separately, Barrington Research reiterated an “outperform” rating and issued a $25.00 price objective on shares of Kelly Services in a report on Tuesday, February 18th.

Kelly Services Company Profile

Kelly Services, Inc, together with its subsidiaries, provides workforce solutions to various industries. The company operates through five segments: Professional & Industrial; Science, Engineering & Technology; Education; Outsourcing & Consulting; and International. The Professional & Industrial segment delivers staffing, outcome-based, and permanent placement services providing administrative, accounting, and finance; light industrial; contact center staffing; and other workforce solutions.