3.44% Sep 30, 05:42 PM
$1.52 Paid Quarterly
82.2% EPS $1.85
3 years Since 2011
No Ex-Dividend Dates
Have Been Scheduled

PAYX - Upcoming Dividend Payouts
Next Ex-Dividend Date None

Amount Declare Date Ex-Dividend Date ▲ Record Date Pay Date Payout Type
No Upcoming Dividend Dates
PAYX has not yet officially announced its next dividend payout.

PAYX - Dividend Yield & Stock Price History
Current Dividend Yield 3.44%

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PAYX - Dividend Payout History
Current Annual Payout $1.52

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Dividend payouts are split-adjusted

PAYX - Dividend Growth History

Annualized Growth
1994-2012
Annualized Growth
1994-2004
Annualized Growth
2004-2008
Annualized Growth
2008-2012
Annualized Growth
Last 5 Yrs
Annualized Growth
Last 3 Yrs
Annual
Growth
2012
Consecutive
Years of
Increases
Reveal Dividend Growth History for PAYX. -17.4% -64.1% 3 years
Annual dividend amounts based on Ex-dividend date

PAYX - Historical Annual Dividend Data & Growth
Payouts Increasing For 3 years

Payout Amount Calendar Year Annual Growth
$0.7000 2013 -64.1%
$1.9500 2012 56.0%

PAYX - Historical Dividend Data
Payouts Increasing For 3 years

Payout Amount Declared Date Ex-Dividend Date Record Date Pay Date ▼ Qualified Dividend? Payout Type Frequency
$0.3800 2014-07-10 2014-07-30 2014-08-01 2014-08-15 Yes Regular Quarter
$0.3500 2014-05-01 2014-05-08 2014-05-12 2014-05-23 Yes Regular Quarter
$0.3500 2014-01-17 2014-01-30 2014-02-03 2014-02-17 Yes Regular Quarter
$0.3500 2013-10-16 2013-10-30 2013-11-01 2013-11-15 Yes Regular Quarter
$0.3500 2013-07-11 2013-07-30 2013-08-01 2013-08-15 Yes Regular Quarter

Paychex (PAYX) - News

  • Before the opening bell on Wednesday, some big name, dividend paying companies announced their quarterly earnings. Below, we look at these earnings...
  • Ex-dividend dates are very important to dividend investors, since you must purchase a stock prior to its ex-dividend date in order to receive its...
  • Ex-dividend dates are very important to dividend investors, since you must purchase a stock prior to its ex-dividend date in order to receive its...
  • Markets pulled back after worries over one of Portugal's top banks infected trading around the world. As earnings season begins to kick off, we...
  • Ex-dividend dates are very important to dividend investors, since you must purchase a stock prior to its ex-dividend date in order to receive its...
  • Deutsche Bank Raises Paychex Price Target (PAYX)

    Deutsche Bank announced on Wednesday that it has raised its price target on Paychex (PAYX) from $35.00 to $39.00. The company also maintained its "Hold" rating on the payroll provider. According to Deutsche Bank analysts, Paychex's  better-than-expected Q1 earnings results were the primary reason for the raised price target. For Q1, Paychex reported revenues of $607.9 million and net income of $162.8 million, or 44 cents per diluted share. Commenting on the higher price target and the company's results, Deutsche Bank noted "PAYX blamed weak payroll revenues to one less processing day and remains optimistic about ramp-up in 2H14 given positive sales momentum manifested in increased presentations. The traditionally high dividend yield is down to 3.5% and with a high payout ratio, we believe there is limited room for a dividend increase. However, potential upside from an improving interest rate env., small business formation, and healthcare reform, provides support (although will take time to show in the model)." Paychex shares slipped 0.1% during Wednesday's session. Year-to-date, the stock is up 25.53%.

    The Bottom Line

    Shares of Paychex (PAYX) currently yield 3.51% based on Wednesday's closing price of $39.94 and its annual payout of $1.40. Paychex (PAYX)  is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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  • Paychex Posts Higher Q1 Revenue; Beats Estimates (PAYX)

    After the bell on Monday, Paychex (PAYX) announced its fiscal first quarter earnings, and posted an increase in revenues and EPS from last year's same quarter. The Penfield, NY-based payroll outsourcing company announced total Q1 revenue of $607.9 million, which was up from last year's figure of $578.2 million. The company posted net income of $162.8 million, or 44 cents per diluted share, compared to last year's net income of $153.1 million, or 42 cents EPS. The company beat both EPS and revenue expectations, as analysts were expecting the company to report EPS of 43 cents on revenues of $605.56 million. Looking forward, Paychex reiterated its full year guidance, and still expects revenue to grow between 5% and 6%, and sees net income growing between 8% and 9%. PAYX shares were up 29 cents, or 0.72%, at market close on Monday, but were down slightly in after-hours trading. YTD, the company's stock is up more than 26%.

    The Bottom Line

    Shares of Paychex (PAYX)  have a yield of 3.5% based on Monday's closing price of $40.64 and the annualized payout of $1.40. Paychex (PAYX)   is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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  • Paychex Raises Dividend 6.1% (PAYX)

    Payroll provider Paychex, Inc. (PAYX) announced on Thursday that it has raised its dividend by 6.1%. PAYX said its board authorized an increase to its quarterly dividend from 33 cents to 35 cents per share, or $1.40 on an annualized basis. The new dividend will be paid on August 15 to shareholders of record on August 1. The stock will go ex-dividend on July 30. Martin Mucci, CEO of PAYX noted, “As we begin a new fiscal year, we expect to see solid growth as a result of our employees’ performance in sales and service delivery, as well as our product and technology enhancements. This, combined with our financial strength, enables us to invest in promising opportunities, our employees, and expand the returns we deliver to our shareholders." Paychex shares were mostly flat during premarket trading Thursday. The stock is up 24% year-to-date. The Bottom Line Shares of Paychex, Inc. (PAYX) have a 3.64% yield, based on Wednesday's closing price of $38.48. Paychex, Inc. (PAYX) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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  • UBS reported on Friday that it has lowered its estimates on payroll services provider, Paychex, Inc. (PAYX) . The firm has cut estimates on...
  • Paychex Q4 Profit Edges Higher, But EPS and Revenues Miss Views (PAYX)

    After the close on Wednesday, payroll processing services firm Paychex, Inc. (PAYX) reported a slight increase in fourth quarter profits, even as a higher income tax expense mostly offset a 6% rise in total revenues. However, both earnings and revenue missed Wall Street analyst views. The Rochester, New York-based company said it earned $123.5 million, or 34 cents per share, in its fourth quarter, up ever-so-slightly from the $123.3 million, or 34 cents per share, earned last year. According to analysts polled by Thomson Reuters, Paychex was expected to earn 38 cents per share in the fourth quarter. The company's total revenues for the quarter rose 6% to $585.3 million from $551.5 million last year. Analysts were expecting to see revenues of $585.96 million from Paychex in the quarter. Paychex said its Human Resource services revenue grew 13% in the quarter and payroll service revenue grew 4%. However, the company noted that its fourth quarter earnings were dragged down by an income tax expense of $89.7 million, up 21% from last year's income tax expense of $74 million. Looking ahead to fiscal 2014, the company said it expects net income growth to be between 8% to 9% and revenue growth to be about 6%. This revenue growth would represent a total revenue of $2.447 billion for fiscal 2014, slightly lower than the analysts' estimates of $2.46 billion. Paychex shares were down $1.14, or 3.00%, during pre-market trading on Thursday. The stock is up 22.15% year-to-date. The Bottom Line Shares of Paychex (PAYX) have a dividend yield of 3.47% based on last night's closing price of $37.99 and the company's annualized dividend payout of $1.32 per share. Paychex, Inc. (PAYX) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars. Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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