Paychex dividend yield – Paychex, Announces Quarterly Dividend of $0.79 Per Share
January 30, 2023
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Paychex dividend yield – Paychex ($NASDAQ:PAYX), Inc. is a leading provider of integrated human capital management solutions for payroll, benefits, human resources, and insurance services. The company recently announced a quarterly dividend of $0.79 per share, which is in line with the previous declaration. The dividend is payable on February 23, 2021, to shareholders of record as of February 9, 2021 and ex-dividend on February 8, 2021. The forward yield is 2.74%. The company has been consistently increasing its dividend payments over the years.
Paychex’s strong financial performance, with strong cash flows and a solid balance sheet, provides the company with the ability to continue to pay dividends to its shareholders. The company has consistently delivered strong operating performance and has consistently grown its dividend payments over the last few years. Paychex’s dividend scorecard, yield chart, and dividend growth details can be found at SeekingAlpha.com. The company has a strong history of dividend stability and has been consistently growing its dividend payments for many years. Investors looking for a reliable source of dividend income should consider investing in Paychex’s stock.
Dividends – Paychex dividend yield
Paychex, Inc. recently announced that it would be issuing a quarterly dividend of $0.79 per share, which is a 3% increase from the previous quarter. This marks the third consecutive year Paychex has issued an annual dividend per share of 3.03, 2.77, and 2.52 USD respectively. The dividend yields from 2021 to 2023 are estimated to be 2.4%, 2.33%, and 3.2% respectively, with an average dividend yield of 2.64%. These figures make Paychex an attractive option for investors looking for high yielding dividend stocks.
Additionally, the company’s dividend policy has been consistent over the years, which makes Paychex a reliable source of income for investors. They offer a full suite of services including payroll processing, human resource management, and tax services. The company has also developed a strong portfolio of products and services which enable employers to focus on running their business while they take care of the rest. Overall, Paychex’s quarterly dividend of $0.79 per share is a sign that the company is committed to rewarding its shareholders with consistent dividend payments. If you are looking for dividend stocks, Paychex might be worth considering due to its reliable dividend yield and consistent dividend policy.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Paychex. More…
| Total Revenues | Net Income | Net Margin |
| 4.82k | 1.47k | 30.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Paychex. More…
| Operations | Investing | Financing |
| 1.64k | 92.1 | -1.73k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Paychex. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 9.21k | 6.01k | 8.89 |
Key Ratios Snapshot
Some of the financial key ratios for Paychex are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 6.1% | 10.3% | 40.4% |
| FCF Margin | ROE | ROA |
| 31.2% | 38.4% | 13.2% |
Stock Price
Paychex, Inc., a leading provider of payroll, human resource, and benefits outsourcing services for small- to medium-sized businesses, recently announced a quarterly dividend of $0.79 per share. On Friday, PAYCHEX stock opened at $115.7 and closed at $117.9, up by 2.1% from the prior closing price of 115.5. This announcement is likely the cause of the stock price increase. This suggests that the company has sufficient cash flow to cover its dividend obligations and also enough to reinvest in its business.
This suggests that investors may find Paychex’s dividend attractive relative to similar stocks in the market. Overall, Paychex’s announcement of a quarterly dividend of $0.79 per share is good news for shareholders and may signal the company’s confidence in its current financial standing and future prospects. Investors should consider this announcement when deciding whether to invest in the company’s stock. Live Quote…
VI Analysis
Paychex is an established company with a long track record of success. Its fundamentals reflect its long-term potential, which can be evaluated easily with the help of VI App. The VI Risk Rating for Paychex is medium, which indicates that there are some risks associated with the company’s financial and business aspects. VI App has also detected two risk warnings related to the income statement and balance sheet of Paychex. Investors should take these warnings into consideration before making any decisions. It is always advisable to register on vi.app in order to get a comprehensive analysis of the company and its financials. Overall, Paychex is a company with considerable potential, but investors should be aware of the risks associated with investing in it. It is important to do thorough research and get a detailed understanding of the company before investing in it. More…
VI Peers
The competition among Paychex Inc and its competitors is fierce. Each company is trying to offer the best products and services to their clients. They are all trying to stay ahead of the curve and be the best in the business.
– Automatic Data Processing Inc ($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, Inc. has announced a quarterly dividend of $0.79 per share. Paychex is a leading provider of human capital management solutions for small to medium-sized businesses. Additionally, the company’s stock price has grown significantly over the last five years, indicating that investors have confidence in the company’s performance and prospects.
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