Paychex (PAYX) Raises Qtr. Dividend 3% to $0.31

July 9, 2008 8:50 AM EDT

Paychex, Inc. (NASDAQ: PAYX) today announced that its Board has approved a 3% increase in its quarterly cash dividend from $0.30 to $0.31 per common share, payable on August 15 to shareholders of record on August 1.

Paychex, Inc. provides payroll and integrated human resource and employee benefits outsourcing solutions for small- to medium-sized businesses in the United States.


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