Automatic Data Processing Raises Qtr Dividend by 20%
10 November 2022 - 1:10AM
Dow Jones News
By Colin Kellaher
Automatic Data Processing Inc. on Wednesday said its board
raised the quarterly dividend by 20%, to $1.25 from $1.04.
The new payout, equal to $5 a year, represents an annual yield
of about 2.04% based on Tuesday's closing price of $245.04, up from
1.7%.
The Roseland, N.J., payroll processor said the increased
dividend is payable Jan. 1 to shareholders of record Dec. 9.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
November 09, 2022 08:55 ET (13:55 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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