Raymond James Starts Coverage of Automatic Data Processing at "Outperform" (ADP)

Raymond James Starts Coverage of Automatic Data Processing at “Outperform” (ADP)

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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.

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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