Paychex Declares Quarterly Dividend Increase
Get Alerts PAYX Hot Sheet
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 2.9%
EPS Growth %: +13.4%
Join SI Premium – FREE
ROCHESTER, N.Y.--(BUSINESS WIRE)-- Paychex, Inc. (NASDAQ: PAYX), a leading provider of payroll, human resource, insurance, and benefits outsourcing solutions for small- to medium-sized businesses, today announced that its board of directors has declared an 11% increase in the company’s regular quarterly dividend. The dividend, increasing $.04 from $.38 per share to $.42 per share, is payable August 20, 2015 to shareholders of record August 3, 2015.
The dividend increase declared by the Paychex Board of Directors supports the company’s history of providing exceptional shareholder value while continuing to make strategic investments in the long-term growth of Paychex.
In fiscal 2015, ended May 31, 2015, Paychex returned $552 million, or 82%, of net income to shareholders.
About Paychex
Paychex, Inc. (NASDAQ: PAYX) is a leading provider of payroll, human resource, and benefits outsourcing solutions for small- to medium-sized businesses. The company offers comprehensive payroll services, including payroll processing, payroll tax administration, and employee pay services, including direct deposit, check signing, and Readychex®. Human resource services include 401(k) plan recordkeeping, section 125 plans, a professional employer organization, time and attendance solutions, and other administrative services for business. A variety of business insurance products, including group health and workers' compensation, are made available through Paychex Insurance Agency, Inc. Paychex was founded in 1971. With headquarters in Rochester, New York, the company has more than 100 offices serving approximately 590,000 payroll clients as of May 31, 2015. For more information about Paychex and our products, visit www.paychex.com.
Stay Connected with PaychexTwitter: www.twitter.com/paychexFacebook: www.facebook.com/paychexLinkedIn: http://www.linkedin.com/company/paychex/products
View source version on businesswire.com: http://www.businesswire.com/news/home/20150709005578/en/
Paychex, Inc.
Investor Relations
Efrain Rivera,
585-385-6666
Senior Vice President, Chief Financial Officer and
Treasurer
or
Terri Allen, 585-383-3406
or
Media
Contact
Laura Saxby Lynch, 585-383-3074
Director,
Corporate Communications
[email protected]
@PaychexNews
Source: Paychex, Inc.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Bread Financial Holdings, Inc. (BFH) Provides Performance Update for March 2024
- Akanda Appoints Cooper to the Board of Directors
- Bragar Eagel & Squire, P.C. Reminds Investors That Class Action Lawsuits Have Been Filed Against HireRight, and Doximity Innovations and Encourages Investors to Contact the Firm
Create E-mail Alert Related Categories
Press ReleasesRelated Entities
Twitter, DividendSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!