Kelly Services, Inc. (NASDAQ:KELYA) Announces Quarterly Dividend of $0.08

Kelly Services, Inc. (NASDAQ:KELYA) declared a quarterly dividend on Tuesday, November 5th,Zacks Dividends reports. Stockholders of record on Wednesday, November 20th will be paid a dividend of 0.075 per share by the business services provider on Wednesday, December 4th. This represents a $0.30 annualized dividend and a dividend yield of 2.08%. The ex-dividend date is Wednesday, November 20th.

Kelly Services has raised its dividend payment by an average of 58.7% annually over the last three years. Kelly Services has a payout ratio of 11.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Kelly Services to earn $2.80 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 10.7%.

Kelly Services Price Performance

Shares of KELYA opened at $14.39 on Monday. The business has a 50-day simple moving average of $19.95 and a two-hundred day simple moving average of $21.05. Kelly Services has a 12-month low of $14.36 and a 12-month high of $25.27. The stock has a market cap of $511.85 million, a PE ratio of 12.51, a PEG ratio of 0.54 and a beta of 1.20. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.18.

Kelly Services (NASDAQ:KELYA) last issued its quarterly earnings data on Thursday, November 7th. The business services provider reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.23). Kelly Services had a net margin of 0.97% and a return on equity of 6.93%. The business had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter last year, the business earned $0.50 EPS. The firm’s quarterly revenue was down 7.1% compared to the same quarter last year. Analysts anticipate that Kelly Services will post 2.07 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on KELYA shares. StockNews.com downgraded Kelly Services from a “buy” rating to a “hold” rating in a report on Friday, August 9th. Barrington Research reissued an “outperform” rating and issued a $29.00 price target on shares of Kelly Services in a research note on Friday, September 27th.

About Kelly Services

Kelly Services, Inc, together with its subsidiaries, provides workforce solutions to various industries. The company operates through five segments: Professional & Industrial; Science, Engineering & Technology; Education; Outsourcing & Consulting; and International. The Professional & Industrial segment delivers staffing, outcome-based, and permanent placement services providing administrative, accounting, and finance; light industrial; contact center staffing; and other workforce solutions.