Automatic Data Processing Raises Quarterly Dividend by 15.2%

Date : 11/12/2019 @ 2:08PM
Source : Dow Jones News
Stock : Automatic Data Processing Inc (ADP)
Quote : 167.16  -0.08 (-0.05%) @ 1:00AM
After Hours
Last Trade
Last $ 167.16 ◊ 0.00 (0.00%)

Automatic Data Processing Raises Quarterly Dividend by 15.2%

Automatic Data Processing (NASDAQ:ADP)
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2 Months : From Oct 2019 to Dec 2019

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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


(END) Dow Jones Newswires

November 12, 2019 08:53 ET (13:53 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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