Kelly Services, Inc. (NASDAQ:KELYB) Shares Set to Pay Quarterly Dividend of $0.07

Kelly Services, Inc. (NASDAQ:KELYB) declared a quarterly dividend on Thursday, November 5th. Stockholders of record on Wednesday, November 18th will be given a dividend of $0.0750 per share by the business services provider on Wednesday, December 2nd. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Wednesday, November 18th.

Kelly Services has raised its dividend 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 Price Performance

Kelly Services stock opened at $26.05 on Friday. Kelly Services has a 52 week low of $8.38 and a 52 week high of $125.00. The business has a 50-day simple moving average of $23.67 and a 200 day simple moving average of $19.38. 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 stock has a market cap of $904.94 million, a price-to-earnings ratio of -3.34 and a beta of 0.88.

Kelly Services (NASDAQ:KELYB) last issued its quarterly earnings results on Thursday, November 5th. The business services provider reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. Kelly Services had a positive return on equity of 2.69% and a negative net margin of 6.73%. The firm had revenue of $927.20 million during the quarter, compared to the consensus estimate of $925.87 million.

Kelly Services Company Profile

Kelly Services, Inc (NASDAQ: KELYB) is a workforce solutions and staffing company that connects employers with talent across a range of industries and skill levels. Its services include temporary and contract staffing, direct-hire and permanent placement, recruitment process outsourcing, and workforce management solutions.

The company serves organizations through specialized offerings for professional and technical roles, science and engineering, education, office and administrative functions, industrial positions, and other workforce categories.