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

Key Points

• Kelly Services, Inc. announced a quarterly dividend of $0.08 per share, with an annualized yield of 2.1%, to be paid on September 3rd to shareholders of record as of August 20th.
• The company reported earnings per share of $0.54, meeting analysts' consensus estimates, and generated revenue of $1.10 billion for the quarter, which was slightly below the expected $1.12 billion.
• Kelly Services' stock has recently risen by 10.5%, reaching $14.15 with a market capitalization of approximately $493.67 million, while institutional investors hold 76.34% of the company's shares.

Kelly Services, Inc. (NASDAQ:KELYA - Get Free Report) declared a quarterly dividend on Friday, August 8th, Wall Street Journal reports. Stockholders of record on Wednesday, August 20th will be given a dividend of 0.075 per share by the business services provider on Wednesday, September 3rd. This represents a c) annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Wednesday, August 20th.

Kelly Services has a dividend payout ratio of 10.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Kelly Services to earn $2.88 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 10.4%.

Kelly Services Price Performance

Shares of Kelly Services stock traded up $0.25 during trading on Tuesday, hitting $14.10. The stock had a trading volume of 63,094 shares, compared to its average volume of 304,608. The firm has a market cap of $491.77 million, a price-to-earnings ratio of -70.56, a P/E/G ratio of 0.52 and a beta of 0.99. Kelly Services has a 12 month low of $10.80 and a 12 month high of $22.44. The business's 50-day moving average is $12.29 and its 200 day moving average is $12.54. The company has a current ratio of 1.52, a quick ratio of 1.52 and a debt-to-equity ratio of 0.06.

Kelly Services (NASDAQ:KELYA - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The business services provider reported $0.54 earnings per share for the quarter, hitting the consensus estimate of $0.54. The firm had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.12 billion. Kelly Services had a negative net margin of 0.14% and a positive return on equity of 5.65%. As a group, sell-side analysts anticipate that Kelly Services will post 2.45 earnings per share for the current year.

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.