The American financial services provider Paychex Inc. (ISIN: US7043261079, NASDAQ: PAYX) will distribute a quarterly dividend of $0.89 on May 25, 2023. The record date is May 11, 2023. The company is thus increasing the dividend by 13 percent or 10 US cents.
Paychex pays out an annualized dividend of $3.56. Based on the current share price of 109.86 US dollars (as of April 28, 2023), this corresponds to a current dividend yield of 3.24 percent. A dividend has been distributed to shareholders since 1988.
Rochester-based Paychex was founded in 1971 by B. Thomas Golisano. At the end of 2003, Paychex Deutschland GmbH started in Hamburg. The company handles payroll accounting specifically for small and medium-sized companies. For the third quarter ended February 28 of fiscal 2023, Paychex had revenue of $1.38 billion (prior year: $1.28 billion) as reported on March 30, 2022. Earnings were $467.4 million (previous year: $430.7 million).
The stock has been down 4.93 percent on Wall Street since the beginning of 2023 (as of April 28, 2023). The market capitalization is currently 38.88 billion US dollars.
Editorial team MyDividends.de
Leverage must be between 2 and 20
No data