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Paychex Increases Quarterly Dividend by 9 Percent

July 01, 2017

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. 

Laura Saxby Lynch
Director, Corporate Communications
585-383-3074

Laura Saxby Lynch

As director of corporate communications for Paychex, Laura Saxby Lynch leads a six-member team responsible for external communications, including media and public relations programs, as well as employee communications. Among her other responsibilities, Laura is a lead communicator in companywide initiatives, crisis and issues management, and community relations. She joined Paychex in January 2001 as the company’s first public relations manager after serving as the communications executive for a large non-profit and, prior to that, working as a television journalist. Laura is a graduate of St. Bonaventure University.