Paychex As of June 15, 2021 ticker dps (an.) 2021 hike 2020 hike 2019 hike
PAYX $2.64 6.5% 0.0% 10.7%
Business yield Hike yrs 5 yr CAGR freq. paid since
Payroll & HR Solutions 2.5% 11 7.5% Quarter N/A
1 views
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 product suite, covering the employee life cycle from recruiting and hiring to retirement, is provided.

Dividend Calendar

Look at the complete list of upcoming events
Ex-date Ticker Yield YTD hike
Jun 21 AVGO 3.1% 0.0%
Jun 21 APH 0.8% 0.0%
Jun 21 FRT 3.4% 0.0%
Jun 23 CARR 1.0% 0.0%
Jun 24 IFF 2.1% 0.0%
Jun 24 RL 2.3% 0.0%
Jun 24 TROW 2.2% 20.0%
Jun 24 MDT 2.0% 8.6%
Jun 24 PM 4.8% 0.0%
Jun 24 FLS 1.9% 0.0%