ROSELAND, N.J., Nov. 12, 2019 /PRNewswire/ -- The board of
directors of Automatic Data Processing, Inc. (Nasdaq: ADP) approved
a $0.12 increase in the quarterly
cash dividend to an annual rate of $3.64 per share, Carlos
Rodriquez, ADP's president and chief executive officer,
announced today. The increased cash dividend marks the
45th consecutive year in which ADP, a leading global
technology company providing human capital management (HCM)
solutions, has raised its quarterly dividend.
"The 15% increase in our quarterly dividend is the latest
example of ADP's long-standing commitment to shareholder-friendly
actions and is a strong signal of the board's confidence in ADP's
future," said Carlos
Rodriguez.
The new quarterly dividend rate of $0.91 per share will be distributed on
January 1, 2020 to shareholders of
record on December 13, 2019.
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, LLC. All other marks are the property of their
respective owners.
Copyright © 2019 ADP, LLC. All rights reserved.
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SOURCE ADP, LLC