Paychex (PAYX) Raises Quarterly Dividend 10.5% to $0.42; 3.6% Yield

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Paychex Declares Quarterly Dividend Increase

July 9, 2015 7:51 AM EDT

ROCHESTER, N.Y.--(BUSINESS WIRE)-- Paychex, Inc. (NASDAQ: PAYX), a leading provider of payroll, human resource, insurance, and benefits outsourcing solutions for small- to medium-sized businesses, today announced that its board of directors has declared an 11% increase in the companys regular quarterly dividend. The dividend, increasing $.04 from $.38 per share to $.42 per share, is payable August 20, 2015 to shareholders of record August 3, 2015.

The dividend increase declared by... More