Kelly Services, Inc. (KELYA) Plans Quarterly Dividend of $0.08

Kelly Services, Inc. (NASDAQ:KELYA) declared a quarterly dividend on Thursday, May 9th, Wall Street Journal reports. Shareholders of record on Tuesday, May 21st will be paid a dividend of 0.075 per share by the business services provider on Wednesday, June 5th. This represents a $0.30 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date is Monday, May 20th.

Kelly Services has increased its dividend payment by an average of 14.5% annually over the last three years. Kelly Services has a payout ratio of 14.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Kelly Services to earn $2.65 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 11.3%.

Shares of NASDAQ:KELYA opened at $24.71 on Wednesday. Kelly Services has a fifty-two week low of $19.21 and a fifty-two week high of $26.57. The stock has a market capitalization of $942.65 million, a price-to-earnings ratio of 10.89 and a beta of 0.80.

Kelly Services (NASDAQ:KELYA) last issued its earnings results on Monday, May 6th. The business services provider reported $0.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.10. Kelly Services had a return on equity of 7.94% and a net margin of 0.29%. The business had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.41 billion. During the same quarter in the previous year, the firm earned $0.32 EPS. Kelly Services’s revenue was up .9% on a year-over-year basis. As a group, equities analysts forecast that Kelly Services will post 2.45 earnings per share for the current year.

In related news, insider Teresa Carroll sold 6,959 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The stock was sold at an average price of $24.13, for a total transaction of $167,920.67. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Olivier Thirot sold 5,400 shares of the business’s stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $22.12, for a total value of $119,448.00. Following the transaction, the insider now owns 73,802 shares of the company’s stock, valued at $1,632,500.24. The disclosure for this sale can be found here. Insiders have sold a total of 32,148 shares of company stock valued at $778,413 in the last ninety days. Insiders own 7.20% of the company’s stock.

Several research firms have recently commented on KELYA. TheStreet lowered shares of Kelly Services from a “b” rating to a “c+” rating in a research report on Thursday, February 14th. Zacks Investment Research lowered shares of Kelly Services from a “hold” rating to a “sell” rating in a research report on Wednesday, April 3rd. ValuEngine lowered shares of Kelly Services from a “hold” rating to a “sell” rating in a research report on Monday, February 4th. Finally, BidaskClub lowered shares of Kelly Services from a “hold” rating to a “sell” rating in a research report on Friday, March 15th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $32.50.

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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, 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:KELYA)

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