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

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.

Kelly Services (NASDAQ:KELYA) last posted its quarterly earnings data on Thursday, February 13th. The business services provider reported $0.67 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.14. Kelly Services had a return on equity of 7.66% and a net margin of 1.32%. The business had revenue of $1.34 billion during the quarter, compared to analysts’ expectations of $1.35 billion. During the same quarter in the previous year, the firm earned $0.87 EPS. The firm’s revenue was down 5.4% compared to the same quarter last year. On average, sell-side analysts predict that Kelly Services will post 2.08 earnings per share for the current fiscal year.

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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Dividend History for Kelly Services (NASDAQ:KELYA)

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