kforce (KFRC) Raises Quarterly Dividend 10% to $0.11; 1.9% Yield

kforce (NASDAQ: KFRC) declared a quarterly dividend of $0.11 per share, or $0.44 annualized. This is a 10% increase from the prior dividend of $0.10.

The dividend will be payable on December 26, 2014, to stockholders of record on December 12, 2014, with an ex-dividend date of December 10, 2014.

The annual yield on the dividend is 1.9 percent.

David L. Dunkel, Kforce Chairman and CEO commented; "The decision by the Board of Directors to increase the dividend 10% is a reflection of the Firm's continued strong cash generation and balance sheet, as well as a reaffirmation of our belief in the strength and sustainability of our business going forward. In addition, through December 2, 2014, the Firm has repurchased approximately 4.4 million shares of its common stock year-to-date which represents 13.1% of total shares outstanding at the beginning of 2014. The increase in our dividend, combined with our current share repurchase program, demonstrates our continued commitment to driving shareholder value."

For a dividend history and other dividend-related data on kforce (KFRC) click here.

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