TROY, MI--(Marketwire - August 8, 2007) - Kelly Services, Inc., a global provider of
staffing services, today announced that its Board of Directors has declared
a quarterly dividend of 13.5 cents per share, an 8% increase from the 12.5
cents per share on Kelly Services Class A and Class B common stock. The
dividend is payable September 7, 2007 to shareholders of record at the
close of business on August 31, 2007. The Company has paid dividends on
its common stock for 45 consecutive years.
"We're pleased that Kelly has continued to achieve solid, profitable
results giving us the ability to deliver an 8% dividend increase to our
shareholders," said Carl Camden, President and CEO.
In other action, the Board of Directors authorized the repurchase of up to
$50 million of the Company's outstanding Class A common shares. The
Company intends to repurchase shares under the program, from time to time,
in the open market. The repurchase program has a term of 24 months.
"This share repurchase program demonstrates our confidence in Kelly's
current strategy and future growth potential of our business, while
enhancing shareholder value," said Camden.
Kelly Services stock may be purchased directly through the company's Direct
Stock Purchase Plan. In addition, investors may sign up for direct
investment online through Netstock Direct's web site
www.netstockdirect.com. Investors may also automatically reinvest their
dividends through Kelly's Dividend Reinvestment Plan. For more
information, visit Kelly's web site at
www.kellyservices.com, or call
1-866-249-2607.
About Kelly Services
Kelly Services, Inc. (
NASDAQ:
KELYA) (
NASDAQ:
KELYB) is a Fortune 500
company headquartered in Troy, Mich., offering human resources solutions
that include temporary staffing services, outsourcing, vendor on-site and
full-time placement. Kelly operates in 33 countries and territories.
Kelly provides employment to more than 750,000 employees annually, with
skills including office services, accounting, engineering, information
technology, law, science, marketing, creative services, light industrial,
education, and health care. Revenue in 2006 was $5.5 billion. Visit
www.kellyservices.com.
Contact Information: Analyst Contact:
James Polehna
(248) 244-4586
Media Contact:
Renee Walker
(248) 244-5362