Automatic Data Processing (ADP) will raise its quarterly dividend by 10.5 percent to $0.63 per share.

This increased quarterly dividend will be distributed on January 1, 2018 to shareholders of record at December 8, 2017. The new dividend yield for Dividend Aristocrat ADP is 2.2%.

“Throughout ADP’s long and successful history, we have been committed to our shareholder friendly actions.  There is no better evidence of our commitment to our shareholders than our 43-year track record of increasing dividends,” said John Jones, chairman of ADP’s board of directors. “This year’s 10.5% increase in our quarterly dividend is a strong signal of the board’s confidence in ADP’s future,” said Carlos Rodriguez, ADP’s president and chief executive officer.

Automatic Data Processing, Inc. (ADP) is a provider of business outsourcing solutions to employers, offering solutions to businesses of various sizes. The Company's services include a wide range of human resource, payroll, tax, and benefits administration solutions.