Kelly Services (KELYA) will suspend its quarterly dividend of $0.075 per share. A quarterly dividend has been paid since 2011 by the staffing services company with only one increase (+50%) announced in 2016.
Kelly Services, Inc. is an employment services company specialized in areas including Science, Engineering, Education, Office, Contact Center, Light Industrial, and more. Headquartered in Troy, Michigan, Kelly provides workforce solutions to a diversified group of customers in three regions: the Americas; Europe, the Middle East, and Africa; and Asia Pacific. The company's operations are divided into three business segments: Americas Staffing, Global Talent Solutions and International Staffing. Kelly Services was founded by William R. Kelly in 1946 and had been paying a quarterly dividend again since 2011. The dividend was suspended in 2009 and again in 2020.