Automatic Data Processing increases dividend by another 14.5 percent in 2018 Dividendhike.com | Dividend News and Statistics for US Equities

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Business	yield	Hike yrs	5 yr CAGR	freq.	paid since
ADP Inc As of October 10, 2023	ticker	dps (an.)	2024 hike	2023 hike	2022 hike
ADP Inc As of October 10, 2023	ADP	$5.00	0.0%	20.2%	11.8%
HCM Solutions	2.0%	48	14.7%	Quarter	1974

ADP hikes dividend by 14.5%

Tuesday 6 November 2018

Dividend Aristocrat Automatic Data Processing (ADP) will raise its quarterly dividend by another 14.5 percent to $0.79 per share in Q4 of 2018. Earlier this year ADP had already hiked its dividend by 6 cents to 69 cents quarterly.

The new quarterly dividend rate of $0.79 per share will be distributed on January 1, 2019 to shareholders of record on December 14, 2018.

A new annual dividend rate of $2.52 per share yields 2.1% at a stock price of $147.19 for ADP.

"The new $0.79 quarterly dividend represents a 25% increase in the quarterly dividend compared to a year ago, and is a strong signal of the board's confidence in ADP's future and its commitment to shareholder friendly actions," said Carlos Rodriguez.

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.

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