Kelly Services, Inc. (KELYB) To Go Ex-Dividend on August 19th

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

Kelly Services has raised 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% meaning its dividend is sufficiently covered by earnings.

Kelly Services Stock Performance

Shares of Kelly Services stock opened at $23.94 on Monday. The stock has a market capitalization of $831.44 million, a P/E ratio of -3.07 and a beta of 0.82. The company has a quick ratio of 1.50, a current ratio of 1.50 and a debt-to-equity ratio of 0.08. The company has a 50-day simple moving average of $21.40 and a 200 day simple moving average of $17.87. Kelly Services has a 12-month low of $8.38 and a 12-month high of $125.00.

Kelly Services (NASDAQ:KELYB) last released its quarterly earnings results on Thursday, August 6th. The business services provider reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.19. The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.01 billion. Kelly Services had a negative net margin of 6.73% and a positive return on equity of 2.69%.

Analyst Ratings Changes

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

About Kelly Services

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.