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Paychex hikes dividend by 10.2%

Paychex (PAYX) will hike its dividend by 10.2% to $1.19 quarterly per share in 2026. This marks the 16th consecutive year of increases by PAYX. The yield is 5.1% at $93.02.

Paychex hikes dividend by 10.2%

Paychex hikes dividend by 12.7%

On April 28, 2023, Paychex, Inc. (PAYX), a leading provider of integrated human capital management software solutions for human resources, payroll, benefits, and insurance services, today announced that its board of directors approved a $.10 increase in the company’s regular quarterly dividend, an increase of 13 percent. The dividend will increase from $.79 per share to $.89 per share and is payable May 25, 2023 to shareholders of record May 11, 2023. The dividend yield for PAYX is 2.9% at a stock price of $110. “Our board’s decision to again increase the quarterly dividend demonstrates our strong financial position and confidence in our ability to continue to return value to our shareholders, while also investing for growth in the business today and in the future,” said Paychex President and CEO, John Gibson. In fiscal 2023, ending on May 31, 2023, Paychex expects to return approximately $1.2 billion in dividends to shareholders. Paychex, Inc., incorporated in 1979, is a provider of i...

Paychex hikes dividend by 19.7%

Paychex (PAYX) will raise its quarterly dividend by 19.7 percent to 79 cents per share in 2022. This follows a dividend hike of 6.5 percent to 66 cents per share in 2021. The integrated human capital management solutions provider has raised its dividend 112 consecutive years now based on dividends paid in calendar years. The next dividend is payable May 26, 2022 to shareholders of record May 12, 2022.  The next ex-dividend date for PAYX is May 11, 2022. A new annual rate of $3.16 per share yields 2.8% at a stock price of $115. Paychex will pay shareholders an estimated $1.14 billion in dividends annually. Paychex, Inc., incorporated in 1979, is a provider of integrated human capital management solutions for payroll, HR, retirement, and insurance services for small- to medium-sized businesses. The company has clients throughout the U.S. and Europe with operations in Germany. Paychex Flex is the company's proprietary HCM SaaS platform through which an integrated product suite, coveri...

Paychex hikes dividend by 6.5%

Paychex (PAYX) will raise its quarterly dividend by 6.5 percent to 66 cents per share in 2021. This follows a dividend hike of 10.7 percent to $0.62 per share in the second quarter of 2019. The integrated human capital management solutions provider has raised its dividend 11 consecutive years now based on dividends paid in calendar years. The next dividend is payable May 27, 2021 to shareholders of record May 12, 2021.  The next ex-dividend date for PAYX is May 11, 2021. A new annual rate of $2.64 per share yields 2.7% at a stock price of $97.49. Paychex will pay shareholders an estimated $952 million in dividends annually. Paychex, Inc., incorporated in 1979, is a provider of integrated human capital management solutions for payroll, HR, retirement, and insurance services for small- to medium-sized businesses. The company has clients throughout the U.S. and Europe with operations in Germany. Paychex Flex is the company's proprietary HCM SaaS platform through which an integrated pr...

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