Paychex (PAYX) Raises Quarterly Dividend 12% to $.56; 3.7% Yield

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Paychex Increases Quarterly Dividend by 12%

April 27, 2018 8:51 AM EDT

ROCHESTER, N.Y.--(BUSINESS WIRE)-- Paychex, Inc. (NASDAQ: PAYX), a leading provider of human capital management solutions for small- to medium-sized businesses, today announced that its board of directors approved a $0.06 increase in the companys regular quarterly dividend, an increase of 12 percent. The dividend will go from $.50 per share to $0.56 per share and is payable on May 24, 2018 to shareholders of record on May 9, 2018.

This dividend... More