Kelly Services to Pay Dividend as Stock Yields 1.3%

Kelly Services will trade ex-dividend on May 17, 2024, with a dividend payment of US$0.075 per share scheduled for June 4, 2024. Analysts remain bullish on the company's stock, with a consensus Buy rating and a 12-month price target of US$26.00.

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Kelly Services to Pay Dividend as Stock Yields 1.3%

Kelly Services to Pay Dividend as Stock Yields 1.3%

Kelly Services, Inc. (NASDAQ:KELY.A) is set to trade ex-dividend on May 17, 2024, with a dividend payment of US$0.075 per share scheduled for June 4, 2024. The company's current stock price of US$23.21 results in a trailing dividend yield of 1.3%.

Why this matters: This dividend payment and the company's positive outlook may have a ripple effect on the business services sector, influencing investor decisions and market trends. As analysts remain bullish on Kelly Services stock, this news could also impact the overall economy and investor confidence.

Analysts remain bullish on Kelly Services stock. According to the issued ratings of 1 analyst in the last year, the consensus rating for Kelly Services is Buy. The average twelve-month price prediction for the company is US$26.00, with a high price target of US$26.00 and a low price target of US$26.00. This represents a 25.54% upside based on analysts' 12-month stock forecasts.

Kelly Services stands out among its peers in the Business Services sector. The company has a consensus rating of Buy from analysts, compared to the average consensus rating of Moderate Buy for other business services companies. This indicates analysts are more favorable on Kelly Services stock relative to its industry competitors.

The upcoming dividend payment and positive analyst outlook highlight the attractiveness of Kelly Services stock. With a 1.3% trailing yield and a consensus Buy rating, the company offers income potential along with the prospect of share price appreciation based on analysts' bullish price targets. Investors will be watching closely as Kelly Services trades ex-dividend later this month.

Key Takeaways

  • Kelly Services to trade ex-dividend on May 17, 2024, with a $0.075 dividend payment.
  • Trailing dividend yield is 1.3% based on the current stock price of $23.21.
  • Analysts remain bullish with a consensus Buy rating and $26.00 average price target.
  • Kelly Services has a higher consensus rating than its business services peers.
  • The stock offers income potential and share price appreciation based on analyst forecasts.