Job placement company Kelly Services furloughs some staff, suspends dividend [MarketWatch]
Kelly Services, Inc. - Class A (KELYA)
Last kelly services, inc. - class a earnings: 2/13 07:30 am
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US:NASDAQ Investor Relations:
ir.kellyservices.com/investor-relations
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Source: MarketWatch
Kelly Services Inc. said it was taking several actions in response to labor market disruptions caused by the COVID-19 pandemic, including furloughing and redeployment of some employees, suspending its dividend, cutting pay for full-time salaried employees and senior management by 10% and suspending its 401(k) match. The company said its board supported a draw-down from the company's credit facility. Shares of job placement company dropped 7.1% in morning trading. Among some of its staffing services peers, shares of ManpowerGroup gave up 4.8% and Robert Half International Inc. lost 3.8%. Kelly had most-recently paid a quarterly dividend of 7.5 cents a share in February. "In light of the current uncertain environment, we took additional precautionary actions to further strengthen our balance sheet and enhance our financial flexibility," said Chief Executive Peter Quigley. "While certainly painful, some shared sacrifice now will provide us the opportunity to remain strong and well-positi
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KELYA
News
- KellyOCG Recognized as No. 1 Provider of Total Workforce SolutionsGlobeNewswire
- Kelly Enhances Pediatric Therapy Services with Strategic Acquisition of Children's Therapy Center, Bolstering Market LeadershipGlobeNewswire
- Kelly Services, Inc. (NASDAQ: KELYA) had its price target lowered by analysts at Barrington Research from $29.00 to $25.00. They now have an "outperform" rating on the stock.MarketBeat
- Kelly Named Corporation of the Year by National Minority Supplier Development CouncilGlobeNewswire
- We Think Kelly Services' (NASDAQ:KELY.A) Healthy Earnings Might Be Conservative [Yahoo! Finance]Yahoo! Finance
KELYA
Earnings
- 11/7/24 - Miss
KELYA
Sec Filings
- 11/20/24 - Form 4
- 11/8/24 - Form SC
- 11/7/24 - Form 10-Q
- KELYA's page on the SEC website