ROSELAND, N.J., Nov. 6, 2024
/PRNewswire/ -- The board of directors of ADP (Nasdaq: ADP)
approved a $0.14 increase in the
quarterly cash dividend to an annual rate of $6.16 per share, Maria
Black, ADP's President and Chief Executive Officer,
announced today. The increased cash dividend marks the
50th consecutive year in which ADP, a leading global
technology company providing human capital management (HCM)
solutions, has raised its quarterly dividend.
"Our dividend is a cornerstone of our long-standing commitment to
our shareholders and this 10% increase signifies the Board's
confidence in the financial strength of ADP", said Maria Black, President and CEO of
ADP. "It's an exciting time as we mark our
50th consecutive year of dividend increases and
celebrate 75 years of being at the forefront of workforce
innovation. We are proud to be included among the elite group
of 'Dividend Kings', who have a history of increasing dividends for
at least 50 consecutive years, and we remain focused on continuing
to deliver strong results for our shareholders."
The new quarterly dividend rate of $1.54 per share will be distributed on
January 1, 2025 to shareholders of
record on December 13, 2024.
About ADP (NASDAQ – ADP)
Designing better ways to work
through cutting-edge products, premium services and exceptional
experiences that enable people to reach their full potential.
HR, Talent, Time Management, Benefits and Payroll. Informed
by data and designed for people. Learn more at ADP.com
ADP, the ADP logo, and Always Designing for People are
trademarks of ADP, Inc.
Copyright © 2024 ADP, Inc. All rights reserved.
ADP - Investor Relations
Matthew Keating,
CFA
973.974.3037
Matthew.Keating@adp.com
ADP - Media
Media Contact:
Allyce Hackmann
201.400.4583
Allyce.Hackmann@adp.com
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SOURCE ADP - IR