Kelly Services, Inc. (KELYA) To Go Ex-Dividend on November 20th

Kelly Services, Inc. (NASDAQ:KELYA) declared a quarterly dividend on Tuesday, November 5th,Zacks Dividends reports. Shareholders of record on Wednesday, November 20th will be given a dividend of 0.075 per share by the business services provider on Wednesday, December 4th. This represents a $0.30 annualized dividend and a yield of 2.08%. The ex-dividend date is Wednesday, November 20th.

Kelly Services has raised its dividend payment by an average of 58.7% annually over the last three years. Kelly Services has a payout ratio of 11.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Kelly Services to earn $2.80 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 10.7%.

Kelly Services Price Performance

Kelly Services stock opened at $14.39 on Monday. Kelly Services has a one year low of $14.36 and a one year high of $25.27. The stock’s fifty day moving average price is $19.95 and its two-hundred day moving average price is $21.05. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.61 and a quick ratio of 1.61. The firm has a market cap of $511.85 million, a PE ratio of 12.51, a price-to-earnings-growth ratio of 0.54 and a beta of 1.20.

Kelly Services (NASDAQ:KELYA) last issued its earnings results on Thursday, November 7th. The business services provider reported $0.21 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.23). The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.07 billion. Kelly Services had a net margin of 0.97% and a return on equity of 6.93%. Kelly Services’s quarterly revenue was down 7.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.50 earnings per share. As a group, research analysts expect that Kelly Services will post 2.07 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on KELYA shares. Barrington Research reiterated an “outperform” rating and issued a $29.00 price target on shares of Kelly Services in a research note on Friday, September 27th. StockNews.com cut Kelly Services from a “buy” rating to a “hold” rating in a research report on Friday, August 9th.

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.