Kforce Inc. (NASDAQ:KFRC) Plans Quarterly Dividend of $0.39

Kforce Inc. (NASDAQ:KFRC - Get Free Report) announced a quarterly dividend on Monday, February 3rd,Wall Street Journal reports. Stockholders of record on Friday, March 7th will be given a dividend of 0.39 per share by the business services provider on Friday, March 21st. This represents a $1.56 annualized dividend and a dividend yield of 3.02%. The ex-dividend date of this dividend is Friday, March 7th. This is a boost from Kforce's previous quarterly dividend of $0.38.

Kforce has a dividend payout ratio of 43.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Kforce to earn $3.30 per share next year, which means the company should continue to be able to cover its $1.52 annual dividend with an expected future payout ratio of 46.1%.

Kforce Trading Down 1.4 %

KFRC stock traded down $0.71 during midday trading on Friday, hitting $51.68. The stock had a trading volume of 234,007 shares, compared to its average volume of 99,381. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.16. The business has a fifty day moving average price of $56.84 and a two-hundred day moving average price of $59.74. Kforce has a 1-year low of $51.11 and a 1-year high of $74.79. The firm has a market cap of $986.00 million, a P/E ratio of 19.28 and a beta of 0.88.

Analyst Upgrades and Downgrades

KFRC has been the subject of several recent analyst reports. Sidoti raised shares of Kforce from a "neutral" rating to a "buy" rating and set a $71.00 price objective for the company in a research report on Tuesday, October 15th. Truist Financial reduced their price target on shares of Kforce from $68.00 to $58.00 and set a "hold" rating for the company in a report on Tuesday, October 29th. Finally, StockNews.com upgraded shares of Kforce from a "hold" rating to a "buy" rating in a report on Saturday, November 30th.

Kforce Company Profile

Kforce Inc provides professional staffing services and solutions in the United States. It operates through two segments, Technology, and Finance and Accounting (FA). The Technology segment provides talent solutions to its clients primarily in the areas of information technology, such as systems/applications architecture and development, data management and analytics, business and artificial intelligence, machine learning, project and program management, and network architecture and security.