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

Kelly Services, Inc. (NASDAQ:KELYA) announced a quarterly dividend on Tuesday, February 11th, NASDAQ Dividends reports. Investors of record on Wednesday, February 26th will be paid a dividend of 0.075 per share by the business services provider on Wednesday, March 12th. This represents a $0.30 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date of this dividend is Wednesday, February 26th.

Kelly Services has raised its dividend by an average of 44.2% annually over the last three years. Kelly Services has a payout ratio of 10.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Kelly Services to earn $2.88 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 10.4%.

Kelly Services Stock Performance

Shares of KELYA stock opened at $13.87 on Monday. The stock has a fifty day moving average of $13.76 and a 200 day moving average of $17.06. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $483.90 million, a price-to-earnings ratio of -231.13, a PEG ratio of 0.43 and a beta of 1.11. Kelly Services has a 52 week low of $12.68 and a 52 week high of $25.27.

Kelly Services (NASDAQ:KELYA) last posted its quarterly earnings data on Thursday, February 13th. The business services provider reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.38. The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.15 billion. Kelly Services had a positive return on equity of 6.56% and a negative net margin of 0.01%. As a group, research analysts expect that Kelly Services will post 2.45 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Barrington Research reiterated an “outperform” rating and issued a $25.00 price objective on shares of Kelly Services in a report on Tuesday, February 18th.

Kelly Services Company Profile

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.