Kelly Services, Inc. (NASDAQ:KELYA) to Issue $0.08 Quarterly Dividend

Kelly Services, Inc. (NASDAQ:KELYA - Get Free Report) announced a quarterly dividend on Tuesday, February 11th, NASDAQ Dividends reports. Investors of record on Wednesday, February 26th will be given 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 2.24%. The ex-dividend date of this dividend is Wednesday, February 26th.

Kelly Services has increased its dividend payment by an average of 44.2% per year over the last three years. Kelly Services has a payout ratio of 10.8% indicating that its dividend is sufficiently covered by earnings. Research 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 Price Performance

Shares of Kelly Services stock traded down $0.15 during trading hours on Thursday, reaching $13.41. 309,712 shares of the company's stock were exchanged, compared to its average volume of 339,677. The company has a market capitalization of $467.85 million, a P/E ratio of -223.46, a price-to-earnings-growth ratio of 0.43 and a beta of 1.11. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 0.19. Kelly Services has a 1 year low of $12.68 and a 1 year high of $25.27. The business has a fifty day moving average of $13.78 and a two-hundred day moving average of $16.96.

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Kelly Services (NASDAQ:KELYA - Get Free Report) last issued its earnings results 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. Kelly Services had a positive return on equity of 6.56% and a negative net margin of 0.01%. The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.15 billion. As a group, research analysts predict that Kelly Services will post 2.45 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Barrington Research reissued an "outperform" rating and issued a $25.00 price target on shares of Kelly Services in a research note 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.