Kforce Inc. (NASDAQ:KFRC) to Issue Quarterly Dividend of $0.40

Key Points

• Kforce declared a quarterly dividend of $0.40 per share, payable December 18 to shareholders of record on December 4. The annualized dividend is $1.60, representing a 2.7% yield.
• The dividend appears well covered, with a current payout ratio of 45.3%; analysts expect next year’s earnings to support an estimated payout ratio of 48.5%.
• Kforce recently exceeded quarterly earnings expectations, reporting $0.73 EPS versus the $0.70 consensus estimate, while revenue rose 4.5% year over year to $349.33 million.

Kforce Inc. (NASDAQ:KFRC - Get Free Report) announced a quarterly dividend on Monday, October 26th. Investors of record on Friday, December 4th will be given a dividend of $0.40 per share by the business services provider on Friday, December 18th. This represents a $1.60 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Friday, December 4th.

Kforce has raised its dividend by an average of 0.1% per year over the last three years. Kforce has a dividend payout ratio of 45.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect Kforce to earn $3.30 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 48.5%.

Kforce Price Performance

Shares of KFRC opened at $58.50 on Tuesday. The firm has a market capitalization of $1.05 billion, a PE ratio of 21.83 and a beta of 0.90. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.06 and a quick ratio of 2.06. Kforce has a fifty-two week low of $24.49 and a fifty-two week high of $61.68. The company's 50-day moving average is $53.46 and its 200-day moving average is $43.42.

• Kforce NASDAQ: KFRC Stock is a Workforce Recovery Play

Kforce (NASDAQ:KFRC - Get Free Report) last issued its quarterly earnings data on Monday, July 27th. The business services provider reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.03. Kforce had a net margin of 3.59% and a return on equity of 30.34%. The firm had revenue of $349.33 million during the quarter, compared to the consensus estimate of $348.11 million. During the same period last year, the business posted $0.59 earnings per share. The business's revenue for the quarter was up 4.5% compared to the same quarter last year. Equities analysts forecast that Kforce will post 2.70 EPS for the current year.

About Kforce

Kforce Inc is a professional staffing and business solutions firm that connects organizations with skilled workers and provides services designed to support workforce and project needs. The company primarily operates through its Technology and Finance & Accounting segments.

Kforce Technology provides staffing, consulting, and project-based solutions for areas such as application development, data management, cloud computing, cybersecurity, and other information technology functions.

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