Automatic Data Processing (ADP) will raise its quarterly dividend by 10.1 percent to $0.435 per share in 2012. This follows a 9.7 percent dividend increase in the previous year by the Dividend Aristocrat.
Automatic Data Processing, Inc. (ADP) is a provider of human capital management (HCM) solutions. The company's services include a wide range of human resource, payroll, tax, and benefits administration solutions. ADP's reportable business segments are Employer Services and Professional Employer Organization (“PEO”). ADP was founded in 1949 on an innovative idea: to help business owners focus on core business activities by freeing them up from certain non-core tasks such as payroll.