Kelly Services, Inc. (KELYB) to Issue Quarterly Dividend of $0.07 on December 2nd

Kelly Services, Inc. (NASDAQ:KELYB) announced a quarterly dividend on Thursday, November 5th. Investors of record on Wednesday, November 18th will be given a dividend of $0.0750 per share by the business services provider on Wednesday, December 2nd. This represents a $0.30 annualized dividend and a yield of 1.2%. The ex-dividend date is Wednesday, November 18th.

Kelly Services has increased 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 Trading Down 2.2%

Kelly Services stock opened at $26.05 on Friday. The firm’s 50 day moving average price is $23.72 and its 200-day moving average price is $19.45. The stock has a market cap of $904.89 million, a P/E ratio of 36.00 and a beta of 0.88. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.50 and a quick ratio of 1.50. Kelly Services has a 1 year low of $8.38 and a 1 year high of $125.00.

Kelly Services (NASDAQ:KELYB) last posted its quarterly earnings data on Thursday, November 5th. The business services provider reported $0.07 EPS for the quarter, topping the consensus estimate of $0.06 by $0.01. Kelly Services had a negative net margin of 6.73% and a positive return on equity of 2.69%. The firm had revenue of $927.20 million during the quarter, compared to analyst estimates of $925.87 million.

Kelly Services Company Profile

Kelly Services, Inc (NASDAQ: KELYB) is a workforce solutions and staffing company that connects employers with talent across a range of industries and skill levels. Its services include temporary and contract staffing, direct-hire and permanent placement, recruitment process outsourcing, and workforce management solutions.

The company serves organizations through specialized offerings for professional and technical roles, science and engineering, education, office and administrative functions, industrial positions, and other workforce categories.