Automatic Data Processing Raises Quarterly Dividend by 11.8%
November 10 2021 - 9:09AM
Dow Jones News
By Colin Kellaher
Automatic Data Processing Inc. on Wednesday said its board
raised the quarterly dividend by 11.8%, to $1.04, from 93
cents.
The new payout, equal to $4.16 a year, represents an annual
yield of about 1.82% based on Tuesday's closing price of $229.20,
up from 1.62%.
The Roseland, N.J., payroll processor said the increased
dividend is payable Jan. 1 to shareholders of record Dec. 10.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
November 10, 2021 08:54 ET (13:54 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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