Paychex Declares a 10% Increase to Quarterly Cash Dividend
Paychex, Inc. (PAYX)
Last paychex, inc. earnings: 3/25 08:15 am
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Source: Business Wire
ROCHESTER, N.Y.--(BUSINESS WIRE)--Paychex, Inc. (Nasdaq: PAYX), a leading provider of integrated human capital management software solutions for human resources, employee benefits, insurance services, and payroll, today announced that its Board of Directors approved a quarterly dividend of $0.98 per share, an increase of $0.09 (or 10%) from the prior quarterly dividend of $0.89 per share, payable on May 30, 2024 to shareholders of record as of May 10, 2024.“We are increasing our dividend based on the strong financial position of the company and the healthy free cash flow generation of the business,” said John Gibson, Paychex president and CEO. “While we continue to prioritize investing in the long-term growth of the company, we remain committed to returning excess capital to our shareholders.”For the fiscal year ending on May 31, 2024, Paychex expects to return approximately $1.3 billion in dividends to shareholders, continuing a tradition of paying consecutive quarterly cash divi
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- 4/2/24 - Beat
PAYX
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- 4/18/24 - Form 3
- 4/17/24 - Form 4
- 4/16/24 - Form 8-K
- PAYX's page on the SEC website