Kforce Inc. (NASDAQ:KFRC) Declares Quarterly Dividend of $0.39

Kforce Inc. (NASDAQ:KFRC) declared a quarterly dividend on Monday, February 3rd, Wall Street Journal reports. Shareholders of record on Friday, March 7th will be paid a dividend of 0.39 per share by the business services provider on Friday, March 21st. This represents a $1.56 annualized dividend and a yield of 3.18%. The ex-dividend date is Friday, March 7th. This is a boost from Kforce’s previous quarterly dividend of $0.38.

Kforce has a dividend payout ratio of 43.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Kforce to earn $3.30 per share next year, which means the company should continue to be able to cover its $1.52 annual dividend with an expected future payout ratio of 46.1%.

Kforce Trading Down 0.2 %

Shares of KFRC opened at $49.10 on Wednesday. The firm’s 50-day moving average is $53.65 and its two-hundred day moving average is $57.76. Kforce has a twelve month low of $48.03 and a twelve month high of $74.34. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $938.27 million, a P/E ratio of 18.32 and a beta of 0.88.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Kforce from a “hold” rating to a “buy” rating in a report on Saturday, November 30th.

Kforce Company Profile

Kforce Inc provides professional staffing services and solutions in the United States. It operates through two segments, Technology, and Finance and Accounting (FA). The Technology segment provides talent solutions to its clients primarily in the areas of information technology, such as systems/applications architecture and development, data management and analytics, business and artificial intelligence, machine learning, project and program management, and network architecture and security.