Paychex, Inc. (PAYX) Declares $0.35 Quarterly Dividend; Approves $350M Buyback Plan

Paychex, Inc. (NASDAQ: PAYX) declared a quarterly dividend of $0.35 per share, or $1.4 annualized.

The dividend will be payable on May 23, 2014, to stockholders of record on May 12, 2014, with an ex-dividend date of May 8, 2014.

The annual yield on the dividend is 3.4 percent.

The Company also announced that the Board has authorized the purchase of up to $350 million of its common stock. The end date for the authorization is May 31, 2017.

For a dividend history and other dividend-related data on Paychex, Inc. (PAYX) click here.

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