Raymond James Starts Coverage of Automatic Data Processing at “Outperform” (ADP)
On Friday, analysts at Raymond James initiated coverage of business solutions provider Automatic Data Processing (ADP) at “Outperform.”
ADP shares were down a 17 cents, or -0.25%, during morning trading on Friday. The stock is up +19.9% year-to-date.
The Bottom Line
Shares of ADP (ADP) have a dividend yield of 2.55% based on Friday’s intraday trading price of $68.13 and the company’s annualized dividend payout of $1.74 per share.
Automatic Data Processing (ADP) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.
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