Kelly Services, Inc. (NASDAQ:KELYA) to Issue $0.08 Quarterly Dividend

Kelly Services, Inc. (NASDAQ:KELYA) declared a quarterly dividend on Wednesday, August 9th, Wall Street Journal reports. Shareholders of record on Tuesday, August 22nd will be paid a dividend of 0.075 per share by the business services provider on Friday, September 1st. This represents a $0.30 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date is Friday, August 18th.

Shares of Kelly Services (NASDAQ:KELYA) traded up 0.73% during trading on Friday, hitting $21.37. 515,557 shares of the company’s stock were exchanged. Kelly Services has a 1-year low of $18.01 and a 1-year high of $24.70. The stock’s 50-day moving average price is $22.45 and its 200-day moving average price is $22.14. The stock has a market cap of $818.64 million, a PE ratio of 6.40 and a beta of 0.98.

Kelly Services (NASDAQ:KELYA) last announced its quarterly earnings data on Wednesday, August 9th. The business services provider reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.24. The firm had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.31 billion. Kelly Services had a net margin of 2.58% and a return on equity of 6.88%. The business’s revenue for the quarter was down 3.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.29 earnings per share. On average, equities analysts expect that Kelly Services will post $1.73 earnings per share for the current fiscal year.

In other news, Director Donald R. Parfet sold 22,029 shares of the stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $23.10, for a total value of $508,869.90. Following the completion of the transaction, the director now owns 23,520 shares of the company’s stock, valued at $543,312. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 16.10% of the stock is currently owned by corporate insiders.

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A number of research analysts have recently commented on the stock. Zacks Investment Research raised shares of Kelly Services from a “hold” rating to a “strong-buy” rating and set a $25.00 target price for the company in a report on Tuesday, May 16th. ValuEngine raised shares of Kelly Services from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. BidaskClub raised shares of Kelly Services from a “strong sell” rating to a “sell” rating in a report on Thursday, July 6th. Finally, Northcoast Research reissued a “neutral” rating on shares of Kelly Services in a report on Friday, May 12th.

Kelly Services Company Profile

Kelly Services, Inc is a workforce solutions provider, which is engaged in offering a range of specialty services. The Company provides workforce solutions in three regions: the Americas; Europe, the Middle East and Africa (EMEA), and Asia Pacific (APAC). The Company’s segments are Americas Commercial, Americas Professional and Technical (Americas PT), EMEA Commercial, EMEA Professional and Technical (EMEA PT), and Outsourcing and Consulting Group (OCG).

Dividend History for Kelly Services (NASDAQ:KELYA)

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