Paychex, Inc. provides integrated human capital management solutions for human resources (HR), payroll, benefits, and insurance services for small to medium-sized businesses in the United States, Europe, and India. It offers payroll processing services; payroll tax administration services; employee payment services; and regulatory compliance services, such as new-hire reporting and garnishment processing. The company also provides HR solutions, including payroll, employer compliance, HR and employee benefits administration, risk management outsourcing, and the on-site availability of a professionally trained HR representative; and retirement services administration, including plan implementation, ongoing compliance with government regulations, employee and employer reporting, participant and employer online access, electronic funds transfer, and other administrative services. In addition, it offers cloud-based HR administration software products for employee benefits management and administration, time and attendance, digital communication solutions, recruiting, and onboarding solutions; plan administration outsourcing and state unemployment insurance services; various business services to small to medium-sized businesses comprising payroll funding and outsourcing services, which include payroll processing, invoicing, and tax preparation; and payment processing services, financial fitness programs, and a small-business loan resource center. Further, the company provides insurance services for property and casualty coverage, such as workers' compensation, business-owner policies, cyber security protection, and commercial auto, as well as health and benefits coverage, including health, dental, vision, and life. It markets and sells its services primarily through its direct sales force. The company was founded in 1971 and is headquartered in Rochester, New York.
Paychex Dividend Announcement
• Paychex announced a quarterly dividend of $0.98 per ordinary share which will be made payable on 2024-11-27. Ex dividend date: 2024-11-07
• Paychex annual dividend for 2024 was $3.83
• Paychex annual dividend for 2023 was $3.46
• Paychex's trailing twelve-month (TTM) dividend yield is 2.72%
• Paychex's payout ratio for the trailing twelve months (TTM) is 79.29%
• Paychex's dividend growth over the last five years (2018-2023) was 9.68% year
• Paychex's dividend growth over the last ten years (2013-2023) was 17.33% year
Paychex Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2024-11-07 | $0.98 | quarterly | 2024-11-27 |
| 2024-08-08 | $0.98 | quarterly | 2024-08-29 |
| 2024-05-09 | $0.98 | quarterly | 2024-05-30 |
| 2024-02-12 | $0.89 | quarterly | 2024-02-27 |
| 2023-11-13 | $0.89 | quarterly | 2023-11-28 |
| 2023-08-09 | $0.89 | quarterly | 2023-08-24 |
| 2023-05-10 | $0.89 | quarterly | 2023-05-25 |
| 2023-02-08 | $0.79 | quarterly | 2023-02-23 |
| 2022-11-08 | $0.79 | quarterly | 2022-11-23 |
| 2022-08-10 | $0.79 | quarterly | 2022-08-25 |
| 2022-05-11 | $0.79 | quarterly | 2022-05-26 |
| 2022-01-28 | $0.66 | quarterly | 2022-02-24 |
| 2021-10-29 | $0.66 | quarterly | 2021-11-29 |
| 2021-07-30 | $0.66 | quarterly | 2021-08-26 |
| 2021-05-11 | $0.66 | quarterly | 2021-05-27 |
| 2021-01-29 | $0.62 | quarterly | 2021-02-25 |
| 2020-10-30 | $0.62 | quarterly | 2020-11-24 |
| 2020-07-31 | $0.62 | quarterly | 2020-08-27 |
| 2020-05-14 | $0.62 | quarterly | 2020-05-28 |
| 2020-01-31 | $0.62 | quarterly | 2020-02-20 |
| 2019-10-31 | $0.62 | quarterly | 2019-11-21 |
| 2019-07-31 | $0.62 | quarterly | 2019-08-22 |
| 2019-05-14 | $0.62 | quarterly | 2019-05-30 |
| 2019-01-31 | $0.56 | quarterly | 2019-02-15 |
| 2018-10-31 | $0.56 | quarterly | 2018-11-15 |
| 2018-07-31 | $0.56 | quarterly | 2018-08-23 |
| 2018-05-08 | $0.56 | quarterly | 2018-05-24 |
| 2018-01-31 | $0.50 | quarterly | 2018-02-15 |
| 2017-10-31 | $0.50 | quarterly | 2017-11-15 |
| 2017-07-28 | $0.50 | quarterly | 2017-08-24 |
| 2017-05-08 | $0.46 | quarterly | 2017-05-25 |
| 2017-01-30 | $0.46 | quarterly | 2017-02-15 |
| 2016-10-28 | $0.46 | quarterly | 2016-11-22 |
| 2016-07-28 | $0.46 | quarterly | 2016-08-25 |
| 2016-05-05 | $0.42 | quarterly | 2016-05-23 |
| 2016-01-28 | $0.42 | quarterly | 2016-02-16 |
| 2015-10-29 | $0.42 | quarterly | 2015-11-19 |
| 2015-07-30 | $0.42 | quarterly | 2015-08-20 |
| 2015-05-07 | $0.38 | quarterly | 2015-05-21 |
| 2015-01-29 | $0.38 | quarterly | 2015-02-17 |
| 2014-10-30 | $0.38 | quarterly | 2014-11-20 |
| 2014-07-30 | $0.38 | quarterly | 2014-08-15 |
| 2014-05-08 | $0.35 | quarterly | 2014-05-23 |
| 2014-01-30 | $0.35 | quarterly | 2014-02-17 |
| 2013-10-30 | $0.35 | quarterly | 2013-11-15 |
| 2013-07-30 | $0.35 | quarterly | 2013-08-15 |
Paychex Dividend per year
Paychex Dividend growth
Paychex Dividend Yield
Paychex current trailing twelve-month (TTM) dividend yield is 2.72%. Interested in purchasing Paychex stock? Use our calculator to estimate your expected dividend yield:
Paychex Financial Ratios
P/E ratio29.89
PEG ratio15.31
P/B ratio13.18
ROE45.53%
Payout ratio79.29%
Current ratio1.38
Quick ratio1.38
Cash Ratio0.27
Paychex Dividend FAQ
How much is the next Paychex dividend?
Paychex's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Paychex dividend. The next Paychex dividend will be released in February, May, August, or November.
When is Paychex dividend paid?
Paychex pays dividends on a quarterly basis. The specific dates may vary each year but are generally around February, May, August, and November. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does Paychex pay?
The specific amount of Paychex dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Paychex's dividend history.
Does Paychex stock pay dividends?
Yes, Paychex does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Paychex's dividend history.
How much dividend does Paychex pay?
Paychex paid $3.83 in 2024, $3.46 in 2023, $3.03 in 2022, $2.6 in 2021, and $2.48 in 2020.
How often does Paychex pay dividends?
Paychex typically pays dividends on a quarterly basis. This means that dividends are usually distributed 4 times a year. The specific payout dates may vary each year but generally fall around February, May, August, and November.
What is Paychex's dividend yield?
The current dividend yield for Paychex is 2.72%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate Paychex's exact dividend yield.
When does Paychex go ex dividend?
Paychex's ex-dividend date for the latest dividend was on 2024-11-07. Paychex typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next Paychex dividend paid?
Paychex pays dividends on a quarterly basis, typically around February, May, August, or November, but the exact dates can vary each year.
Will Paychex increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether Paychex will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is Paychex dividend per share?
Paychex paid $3.83 per share in 2024 and $3.46 per share in 2023. The amount of dividend per share that Paychex pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is Paychex a dividend aristocrat?
No, the term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Paychex a dividend king?
No, a "Dividend King" is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Paychex a dividend stock?
Yes, Paychex is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Paychex a good dividend stock?
Whether Paychex is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Paychex has a history of paying regular dividends, which can make it attractive to income-focused investors.
Other factors to consider when evaluating Paychex as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Other factors to consider when evaluating Paychex as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Does Paychex pay dividends monthly?
Paychex typically pays dividends on a quarterly basis.
Does Paychex pay dividends quarterly?
Paychex currently pays dividends on a quarterly basis.
Has Paychex ever paid a dividend?
Yes, Paychex has a history of paying dividends to its shareholders. Paychex is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Paychex dividend stocks?
To buy Paychex you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.
Place an order: Use the brokerage's trading platform to place an order to buy Paychex stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
Place an order: Use the brokerage's trading platform to place an order to buy Paychex stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
When does Paychex pay dividends 2024?
Paychex pays dividends on a quarterly basis. 2024 dividend payments are in 2024-11-27. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will Paychex increase its dividend in 2024?
Decisions regarding Paychex dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date Paychex dividend overview you can look into the above table of dividend history.
How Paychex dividend works?
The Paychex dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how Paychex's dividend process works:
1. Determination of Dividend: Paychex's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Paychex publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Paychex distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Paychex are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Determination of Dividend: Paychex's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Paychex publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Paychex distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Paychex are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
How are Paychex dividends paid?
Paychex dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:
1. Record Date: Paychex sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Paychex distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Paychex declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
1. Record Date: Paychex sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Paychex distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Paychex declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
How many times does Paychex pay dividends?
Paychex typically pays dividends on a quarterly basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does Paychex pay dividends?
The general pattern is that Paychex pays dividends around February, May, August, and November. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Paychex dividend safe?
The safety of Paychex's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.
To assess the safety of Paychex's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Paychex's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.
To assess the safety of Paychex's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Paychex's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.