Kelly Services, Inc. (NASDAQ:KELYA) Shareholders to Get $0.07 Quarterly Dividend

Kelly Services, Inc. (NASDAQ:KELYA) declared a quarterly dividend on Thursday, November 5th. Shareholders of record on Wednesday, November 18th will be paid a dividend of $0.0750 per share by the business services provider on Wednesday, December 2nd. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Wednesday, November 18th.

Kelly Services has raised its dividend payment by an average of 0.3% per year over the last three years. Kelly Services has a dividend payout ratio of 10.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Kelly Services to earn $1.83 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 16.4%.

Kelly Services Stock Down 16.9%

Shares of NASDAQ KELYA opened at $14.05 on Friday. Kelly Services has a 52-week low of $7.98 and a 52-week high of $17.75. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.50 and a current ratio of 1.50. The business has a fifty day moving average of $16.22 and a two-hundred day moving average of $12.62. The stock has a market cap of $487.98 million, a PE ratio of -1.80, a PEG ratio of 1.18 and a beta of 0.93.

Kelly Services (NASDAQ:KELYA) last posted its earnings results on Thursday, November 5th. The business services provider reported $0.07 earnings per share for the quarter, hitting the consensus estimate of $0.07. The business had revenue of $927.20 million for the quarter, compared to analyst estimates of $925.87 million. Kelly Services had a negative net margin of 6.73% and a positive return on equity of 2.69%. As a group, equities research analysts expect that Kelly Services will post 1.10 earnings per share for the current fiscal year.

Kelly Services Company Profile

Kelly Services, Inc is a workforce solutions company that provides staffing, recruiting, and talent-management services to employers. The company helps organizations address temporary, contract, direct-hire, and outsourced workforce needs across a range of industries and skill levels.

Its offerings include professional and industrial staffing, office and administrative support, science and engineering talent, education staffing, contact-center solutions, and workforce outsourcing and consulting.