ADP Raises Quarterly Dividend 12% for 52nd Consecutive Year

Automatic Data Processing will pay a quarterly dividend of $1.90 per share, up from $1.70, extending its annual dividend increases to 52 years. The Roseland, N.J., company announced the increase Wednesday; the new payment is due Jan. 1 to shareholders of record Dec. 11.

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The new rate amounts to $7.60 a year. Based on Tuesday’s closing share price of $305.44, the dividend implies an annual yield of about 2.49%, compared with 2.23% at the previous payout.

The increase keeps ADP in the S&P 500 Dividend Aristocrats Index, whose 69 members have raised dividends for at least 25 consecutive years. It also preserves the payroll processor’s place among 60 dividend kings, companies that have increased their payouts annually for at least 50 years.

ADP Raises Quarterly Dividend 12% for 52nd Consecutive Year

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