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

Kelly Services, Inc. (NASDAQ:KELYA - Get Free Report) announced a quarterly dividend on Tuesday, November 5th,Zacks Dividends reports. Stockholders of record on Wednesday, November 20th will be given a dividend of 0.075 per share by the business services provider on Wednesday, December 4th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date is Wednesday, November 20th.

Kelly Services has raised its dividend by an average of 58.7% per year over the last three years. Kelly Services has a payout ratio of 11.5% indicating that its dividend is sufficiently covered by earnings. 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 Stock Performance

KELYA traded down $0.17 on Monday, reaching $14.22. The company had a trading volume of 340,792 shares, compared to its average volume of 229,211. The stock has a market cap of $505.81 million, a P/E ratio of 12.64, a P/E/G ratio of 0.54 and a beta of 1.20. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.61 and a current ratio of 1.61. Kelly Services has a fifty-two week low of $14.18 and a fifty-two week high of $25.27. The company's fifty day moving average is $19.95 and its 200 day moving average is $21.05.

Kelly Services (NASDAQ:KELYA - Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The business services provider reported $0.21 earnings per share for the quarter, missing the consensus estimate 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 period in the previous year, the business posted $0.50 EPS. Kelly Services's revenue was down 7.1% compared to the same quarter last year. As a group, analysts predict that Kelly Services will post 2.07 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

KELYA has been the topic of a number of research analyst reports. StockNews.com downgraded Kelly Services from a "buy" rating to a "hold" rating in a report on Friday, August 9th. Barrington Research decreased their price target on Kelly Services from $29.00 to $25.00 and set an "outperform" rating for the company in a research note on Monday.

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.