Kelly Services, Inc. (NASDAQ:KELYA) announced a quarterly dividend on Thursday, February 13th, Zacks reports. Shareholders of record on Monday, February 24th will be paid a dividend of 0.075 per share by the business services provider on Monday, March 9th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date is Friday, February 21st.
Kelly Services has a payout ratio of 14.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Kelly Services to earn $1.93 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 15.5%.
Shares of NASDAQ:KELYA traded up $0.47 on Friday, reaching $21.10. The company had a trading volume of 4,823 shares, compared to its average volume of 178,890. Kelly Services has a twelve month low of $16.97 and a twelve month high of $28.91. The stock has a 50-day moving average price of $20.51 and a 200 day moving average price of $23.10. The stock has a market capitalization of $670.36 million, a P/E ratio of 11.83 and a beta of 0.80. The company has a quick ratio of 1.52, a current ratio of 1.52 and a debt-to-equity ratio of 0.04.
In other Kelly Services news, Director George S. Corona sold 8,066 shares of the company’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $22.15, for a total transaction of $178,661.90. Following the transaction, the director now owns 117,041 shares of the company’s stock, valued at approximately $2,592,458.15. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director George S. Corona sold 20,078 shares of the company’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $22.09, for a total value of $443,523.02. Following the transaction, the director now directly owns 146,721 shares in the company, valued at approximately $3,241,066.89. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 89,184 shares of company stock worth $1,954,843. 7.20% of the stock is owned by corporate insiders.
Several equities analysts have commented on KELYA shares. ValuEngine raised Kelly Services from a “sell” rating to a “hold” rating in a report on Friday, January 10th. BidaskClub raised Kelly Services from a “strong sell” rating to a “sell” rating in a report on Friday. Zacks Investment Research raised Kelly Services from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 8th. Finally, TheStreet cut Kelly Services from a “b” rating to a “c+” rating in a report on Wednesday, November 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $29.50.
Kelly Services Company Profile
Kelly Services, Inc, together with its subsidiaries, provides workforce solutions to various industries worldwide. The company operates through three segments: Americas Staffing, Global Talent Solutions, and International Staffing. It provides trained employees for data entry, clerical, and administrative support roles across various industries; schools with instructional and non-instructional employees; support staff for seminars, sales, and trade shows; assemblers, quality control inspectors, and technicians for electronic assembly; maintenance workers, material handlers, and assemblers for light industrial works; scientists, and scientific and clinical research workforce solutions; engineering professionals across various disciplines, including aeronautical, chemical, civil/structural, electrical/instrumentation, environmental, industrial, mechanical, petroleum, pharmaceutical, quality, and telecommunications.
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