Paychex Increases Quarterly Dividend by 9 Percent
ROCHESTER, N.Y., July 13, 2017 — Paychex, Inc., a leading provider of human capital management solutions for small- to medium-sized businesses, today announced that its board of directors approved a $0.04 increase in the company’s regular quarterly dividend, an increase of nine percent. The dividend will go from $0.46 per share to $0.50 per share and is payable on August 24, 2017 to shareholders of record on August 1, 2017.
“The dividend increase continues the company’s history of providing outstanding shareholder value,” said Martin Mucci, Paychex president and CEO. “As we begin a new fiscal year, we continue to invest in strategic growth opportunities and our employees. These investments, combined with our financial strength, enable us to expand the returns we deliver to our shareholders.”
During the fiscal year ended May 31, 2017, Paychex returned more than $662 million in dividends, or 81% of net income, to shareholders.