Paychex (PAYX) Raises Quarterly Dividend 10.7% to $0.62; 3% Yield

Paychex (NASDAQ: PAYX) declared a quarterly dividend of $0.62 per share, or $2.48 annualized. This is a 10.7% increase from the prior dividend of $0.56.

The dividend will be payable on May 30, 2019, to stockholders of record on May 15, 2019, with an ex-dividend date of May 14, 2019.

The annual yield on the dividend is 3 percent.

“This dividend increase demonstrates our strong commitment to providing ongoing, outstanding shareholder value,” said Martin Mucci, Paychex president and CEO. “Through the combination of our financial strength and investment in strategic growth opportunities, we are able to expand the returns we deliver to our shareholders.”

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

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