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Paying Dividends Is a Priority for This Payroll Firm

Paychex is one of a few firms with both an abundant capacity to pay a big dividend and a strong willingness to do so, says Morningstar’s Josh Peters.

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Jeremy Glaser: For Morningstar, I'm Jeremy Glaser. Paychex recently announced an 8.6% increase to its dividend. I'm here with Josh Peters--he is editor of Morningstar DividendInvestor and also our director of equity income strategy--to take a deeper dive into the company and see if it looks attractive at today's levels. Josh, thanks for joining me.

Josh Peters, CFA does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.