Kelly Services, Inc. (KELYB) to Issue Quarterly Dividend of $0.08 on June 2nd

Kelly Services, Inc. (NASDAQ:KELYB) announced a quarterly dividend on Tuesday, May 5th. Stockholders of record on Monday, May 18th will be paid a dividend of 0.075 per share by the business services provider on Tuesday, June 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Monday, May 18th.

Kelly Services has raised its dividend by an average of 0.3%per year over the last three years. Kelly Services has a dividend payout ratio of 10.9% meaning its dividend is sufficiently covered by earnings.

Kelly Services Stock Performance

KELYB stock opened at $16.10 on Friday. The stock’s 50 day simple moving average is $15.02 and its 200 day simple moving average is $12.85. Kelly Services has a 12-month low of $8.38 and a 12-month high of $125.00. The firm has a market cap of $558.19 million, a P/E ratio of -2.12 and a beta of 0.71. The company has a current ratio of 1.59, a quick ratio of 1.59 and a debt-to-equity ratio of 0.13.

Kelly Services (NASDAQ:KELYB) last released its quarterly earnings data on Thursday, May 7th. The business services provider reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). Kelly Services had a positive return on equity of 3.07% and a negative net margin of 6.44%.The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.02 billion.

About Kelly Services

Kelly Services, Inc engages in staffing and workforce solutions. It operates through the following segments: Americas Staffing, Global Talent Solutions, and International Staffing. The Americas Staffing segment delivers temporary staffing, as well as direct-hire placement services, in a number of specialty staffing services, including office, education, marketing, electronic assembly, light industrial, science, engineering, and information technology in United States, Puerto Rico, Canada, Mexico and Brazil.