Automatic Data Processing Raises Quarterly Dividend by 15.2%
November 12 2019 - 9:08AM
Dow Jones News
By Colin Kellaher
Automatic Data Processing Inc. (ADP) on Tuesday said its board
raised the quarterly dividend by 15.2% to 91 cents from 79
cents.
The new payout, equal to $3.64 a year, represents an annual
yield of about 2.23% based on Monday's closing price of $163.42, up
from 1.93%.
The Roseland, N.J., payroll processor said the increased
dividend is payable Jan. 1 to shareholders of record Dec. 13.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
November 12, 2019 08:53 ET (13:53 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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