Kelly Services, Inc. to Issue Quarterly Dividend of $0.08 (KELYB)

Kelly Services, Inc. (NASDAQ:KELYB) declared a quarterly dividend on Thursday, November 8th, Wall Street Journal reports. Shareholders of record on Wednesday, November 21st will be given a dividend of 0.075 per share by the business services provider on Thursday, December 6th. This represents a $0.30 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date is Tuesday, November 20th.

Kelly Services has increased its dividend by an average of 14.5% per year over the last three years and has increased its dividend every year for the last 2 years.

KELYB stock remained flat at $$23.40 during mid-day trading on Thursday. The company’s stock had a trading volume of 35 shares, compared to its average volume of 64. The company has a market capitalization of $907.99 million, a P/E ratio of 10.45 and a beta of 0.60. Kelly Services has a 12-month low of $21.50 and a 12-month high of $34.30.

Kelly Services (NASDAQ:KELYB) last posted its quarterly earnings results on Wednesday, November 7th. The business services provider reported $0.56 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.18. The firm had revenue of $1.34 billion during the quarter. Kelly Services had a return on equity of 7.62% and a net margin of 0.99%. During the same quarter in the prior year, the business earned $0.58 earnings per share.

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About Kelly Services

Kelly Services, Inc, together with its subsidiaries, provides workforce solutions to various industries worldwide. The company operates through three segments: Americas Staffing, Global Talent Solutions (GTS), and International Staffing. It provides trained employees for data entry, clerical, and administrative support roles across various industries; schools with instructional and non-instructional employees; support staff for seminars, sales, and trade shows; assemblers, quality control inspectors, and technicians for electronic assembly; maintenance workers, material handlers, and assemblers for light industrial works; scientists, and scientific and clinical research workforce solutions; engineering professionals across various disciplines, including aeronautical, chemical, civil/structural, electrical/instrumentation, environmental, industrial, mechanical, petroleum, pharmaceutical, quality, and telecommunications.

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Dividend History for Kelly Services (NASDAQ:KELYB)

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