Kforce Inc. (KFRC) To Go Ex-Dividend on March 7th

Kforce Inc. (NASDAQ:KFRC) announced a quarterly dividend on Monday, February 3rd, Wall Street Journal reports. Investors of record on Friday, March 7th will be given a dividend of 0.39 per share by the business services provider on Friday, March 21st. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date is Friday, March 7th. This is an increase from Kforce’s previous quarterly dividend of $0.38.

Kforce has a payout ratio of 43.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Kforce to earn $3.30 per share next year, which means the company should continue to be able to cover its $1.52 annual dividend with an expected future payout ratio of 46.1%.

Kforce Trading Down 0.2 %

Shares of Kforce stock opened at $49.10 on Wednesday. The stock has a fifty day simple moving average of $53.65 and a 200 day simple moving average of $57.76. The company has a current ratio of 2.06, a quick ratio of 2.06 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $938.27 million, a P/E ratio of 18.32 and a beta of 0.88. Kforce has a 12-month low of $48.03 and a 12-month high of $74.34.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Kforce from a “hold” rating to a “buy” rating in a report on Saturday, November 30th.

About Kforce

Kforce Inc provides professional staffing services and solutions in the United States. It operates through two segments, Technology, and Finance and Accounting (FA). The Technology segment provides talent solutions to its clients primarily in the areas of information technology, such as systems/applications architecture and development, data management and analytics, business and artificial intelligence, machine learning, project and program management, and network architecture and security.