Paychex dividend – Paychex Inc Announces 0.89 Cash Dividend

🌥️Dividends Yield

Paychex ($NASDAQ:PAYX) Inc recently announced a cash dividend of 0.89 USD per share. This dividend is an attractive option for investors looking for dividend-yielding stocks. In the past three years, the company has issued annual dividends per share of 3.16, 2.77, and 2.52 USD, with dividend yields estimated at 2.55%, 2.33%, and 3.2% for 2021, 2022, and 2023 respectively.

The average dividend yield of Paychex Inc is 2.69%. Investors interested in this stock must keep in mind that the ex-dividend date for this stock falls on May 10 2023.

Market Price

The stock opened at $108.2 that same day and closed at $108.2, an increase of 0.3% from the prior closing price of $107.9. Investors who currently own Paychex stock will receive the dividend once it is distributed later this summer. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Paychex. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Paychex. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Paychex. More…

Key Ratios Snapshot

Some of the financial key ratios for Paychex are shown below. More…

Analysis – Paychex Intrinsic Value

At GoodWhale, we performed an analysis of PAYCHEX’s financials to determine the fair value of their stock. Our proprietary Valuation Line calculated the fair value of PAYCHEX share to be around $119.5. However, in the current market, PAYCHEX stock is traded at $108.2, which is a fair price that is undervalued by 9.4%. We believe this presents a promising opportunity for investors. More…

Peers

The competition among Paychex Inc and its competitors is fierce. Each company is trying to offer the best products and services to their clients. They are all trying to stay ahead of the curve and be the best in the business.

– Automatic Data Processing Inc ($NASDAQ:ADP)

Automatic Data Processing, Inc. (Nasdaq: ADP), a leading global provider of Human Capital Management (HCM) solutions, has a market cap of 101.65B as of 2022 and a Return on Equity of 86.78%. ADP offers a comprehensive suite of HCM solutions that helps organizations of all sizes unlock the power of their people to drive business success. From payroll and tax to talent management and benefits administration, ADP’s HCM solutions are designed to help organizations streamline HR processes, improve employee engagement and enable leaders to make better decisions.

– Trinet Group Inc ($NYSE:TNET)

Trinet Group, Inc. is a human resources outsourcing company. The Company provides a range of services, including multi-state payroll processing, human capital management, benefits administration, and compliance with regulatory and government reporting requirements. It offers a suite of online tools and services that enable clients to manage their human resources, benefits, and payroll functions. The Company serves clients in a range of industries, including healthcare, retail, hospitality, and technology.

– Allegiant Professional Business Services Inc ($OTCPK:APRO)

Allegiant Professional Business Services Inc is a provider of professional services. It has a market cap of 42.96k as of 2022. The company offers a range of services including accounting, taxation, and financial advisory. It also provides consulting services on mergers and acquisitions, and business strategy.

Summary

Paychex is an attractive option for investors seeking dividend-yielding stocks. Over the past three years, annual dividends per share have ranged from 3.16 to 2.52 USD. Analysts estimate that dividend yields from 2021 to 2023 will range from 2.55% to 3.2%, with an average dividend yield of 2.69%. This implies that investors will get a steady income stream from Paychex, with a slight potential improvement in dividend yield over the next few years.