Paychex Declares a 10% Increase to Quarterly Cash Dividend
01 Maggio 2024 - 2:41PM
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
dividends every year since 1988.
About Paychex
Paychex, Inc. (Nasdaq: PAYX) is an industry-leading HCM company
delivering a full suite of technology and advisory services in
human resources, employee benefit solutions, insurance, and
payroll. The company serves approximately 740,000 customers in the
U.S. and Europe and pays one out of every 12 American private
sector employees. The more than 16,000 people at Paychex are
committed to helping businesses succeed and building thriving
communities where they work and live. Visit paychex.com to learn
more.
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version on businesswire.com: https://www.businesswire.com/news/home/20240501743390/en/
Investor Relations Contacts Jason Harbes, CFA Paychex,
Inc. Director, Investor Relations 585-336-7502
investors@paychex.com Phil Nicosia, CFA Paychex, Inc. Manager,
Investor Relations 585-626-3174 investors@paychex.com
Media Contact Tracy Volkmann Paychex, Inc. Manager,
Public Relations 585-387-6705 tvolkmann@paychex.com
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