Kelly Services, Inc. (NASDAQ:KELYB) to Issue $0.07 Quarterly Dividend

Kelly Services, Inc. (NASDAQ:KELYB) declared a quarterly dividend on Tuesday, August 4th. Stockholders of record on Wednesday, August 19th will be given a dividend of 0.075 per share by the business services provider on Wednesday, September 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend is Wednesday, August 19th.

Kelly Services has raised its dividend payment by an average of 0.3%annually over the last three years. Kelly Services has a payout ratio of 10.9% indicating that its dividend is sufficiently covered by earnings.

Kelly Services Stock Performance

KELYB opened at $23.94 on Monday. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.08. Kelly Services has a 52 week low of $8.38 and a 52 week high of $125.00. The stock has a market cap of $831.44 million, a PE ratio of -3.07 and a beta of 0.82. The business has a 50 day moving average of $21.40 and a 200-day moving average of $17.87.

Kelly Services (NASDAQ:KELYB) last issued its quarterly earnings results on Thursday, August 6th. The business services provider reported $0.37 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.19. The company had revenue of $1.04 billion for the quarter, compared to analysts’ expectations of $1.01 billion. Kelly Services had a positive return on equity of 2.69% and a negative net margin of 6.73%.

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.