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

Kelly Services, Inc. (NASDAQ:KELYA) announced a quarterly dividend on Tuesday, November 5th,Zacks Dividends reports. Investors of record on Wednesday, November 20th will be paid 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 yield of 2.12%. The ex-dividend date of this dividend is Wednesday, November 20th.

Kelly Services has increased its dividend payment by an average of 58.7% per year over the last three years. Kelly Services has a dividend payout ratio of 11.5% meaning its dividend is sufficiently covered by earnings. Equities research 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 Price Performance

Shares of NASDAQ KELYA opened at $14.16 on Tuesday. The stock has a market cap of $504.24 million, a price-to-earnings ratio of 12.31, a PEG ratio of 0.54 and a beta of 1.20. Kelly Services has a 52 week low of $14.16 and a 52 week high of $25.27. The company’s 50-day moving average price is $19.95 and its 200 day moving average price is $21.05. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.18.

Kelly Services (NASDAQ:KELYA) last released its earnings results on Thursday, November 7th. The business services provider reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.23). The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Kelly Services had a net margin of 0.97% and a return on equity of 6.93%. Kelly Services’s revenue for the quarter was down 7.1% on a year-over-year basis. During the same quarter last year, the company posted $0.50 earnings per share. As a group, research analysts forecast that Kelly Services will post 2.07 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on KELYA. StockNews.com lowered shares of Kelly Services from a “buy” rating to a “hold” rating in a report on Friday, August 9th. Barrington Research cut their price objective on shares of Kelly Services from $29.00 to $25.00 and set an “outperform” rating on the stock in a report on Monday.

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.