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Automatic Data Processing Raises Quarterly Dividend by 12%

Provided by Dow Jones

Nov 8, 2023 1:34pm

By Colin Kellaher

Automatic Data Processing's board has raised the payroll processor's quarterly dividend by 12%, to $1.40 from $1.25.

The new payout, equal to $5.60 a year, represents an annual yield of about 2.52% based on Tuesday's closing price of $222.25, up from 2.25%.

The Roseland, N.J., company on Wednesday said the increased dividend is payable Jan. 1 to shareholders of record Dec. 8.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

November 08, 2023 08:34 ET (13:34 GMT)

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