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

Kelly Services, Inc. (NASDAQ:KELYA) declared a quarterly dividend on Wednesday, August 7th, Zacks reports. Shareholders of record on Wednesday, August 21st will be paid a dividend of 0.075 per share by the business services provider on Wednesday, September 4th. This represents a $0.30 annualized dividend and a yield of 1.56%. The ex-dividend date is Wednesday, August 21st.

Kelly Services has raised its dividend payment by an average of 58.7% annually over the last three years. Kelly Services has a dividend payout ratio of 10.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Kelly Services to earn $2.97 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 10.1%.

Kelly Services Trading Down 0.6 %

Shares of NASDAQ:KELYA traded down $0.12 during midday trading on Friday, hitting $19.25. The stock had a trading volume of 24,092 shares, compared to its average volume of 235,082. Kelly Services has a 1 year low of $16.85 and a 1 year high of $25.27. The stock has a 50 day moving average price of $21.70 and a two-hundred day moving average price of $22.62. The company has a market capitalization of $683.80 million, a PE ratio of 13.95, a P/E/G ratio of 0.80 and a beta of 1.21.

Kelly Services (NASDAQ:KELYA) last posted its quarterly earnings results on Thursday, August 8th. The business services provider reported $0.71 EPS for the quarter, beating the consensus estimate of $0.53 by $0.18. Kelly Services had a return on equity of 6.87% and a net margin of 1.11%. The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same period last year, the firm earned $0.36 EPS. The company’s quarterly revenue was down 13.1% compared to the same quarter last year. As a group, equities analysts expect that Kelly Services will post 2.16 EPS for the current year.

Analyst Ratings Changes

Separately, Barrington Research reaffirmed an “outperform” rating and issued a $29.00 price objective on shares of Kelly Services in a research note on Tuesday, May 28th.

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.