Kelly Services, Inc. Declares Quarterly Dividend of $0.07 (NASDAQ:KELYB)

Kelly Services, Inc. (NASDAQ:KELYBGet Free Report) declared a quarterly dividend on Tuesday, August 4th. Stockholders of record on Wednesday, August 19th will be paid a dividend of 0.075 per share by the business services provider on Wednesday, September 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Wednesday, August 19th.

Kelly Services has increased its dividend payment by an average of 0.3%annually over the last three years. Kelly Services has a dividend payout ratio of 10.9% indicating that its dividend is sufficiently covered by earnings.

Kelly Services Stock Performance

Shares of KELYB stock opened at $23.94 on Monday. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.08. The company has a market cap of $831.44 million, a PE ratio of -3.07 and a beta of 0.82. The company’s fifty day simple moving average is $21.40 and its 200-day simple moving average is $17.87. Kelly Services has a 52 week low of $8.38 and a 52 week high of $125.00.

Kelly Services (NASDAQ:KELYBGet Free Report) last announced its quarterly earnings results on Thursday, August 6th. The business services provider reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.19. Kelly Services had a negative net margin of 6.73% and a positive return on equity of 2.69%. The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.01 billion.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Kelly Services in a research note on Friday, August 7th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has a consensus rating of “Sell”.

Read Our Latest Analysis on Kelly Services

Kelly Services Company Profile

(Get Free Report)

Kelly Services, Inc engages in staffing and workforce solutions. It operates through the following segments: Americas Staffing, Global Talent Solutions, and International Staffing. The Americas Staffing segment delivers temporary staffing, as well as direct-hire placement services, in a number of specialty staffing services, including office, education, marketing, electronic assembly, light industrial, science, engineering, and information technology in United States, Puerto Rico, Canada, Mexico and Brazil.

See Also

Dividend History for Kelly Services (NASDAQ:KELYB)

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