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Paychex (PAYX) Dividend Yield, Date & History

Paychex logo
$139.54 +1.73 (+1.26%)
(As of 12/20/2024 05:31 PM ET)

Paychex Dividend Summary

Dividend Yield
2.81%
Annual Dividend
$3.92
Recent
Dividend Payment
Nov. 27
Dividend Increase
Track Record
14 Years
Annualized 3-Year
Dividend Growth
11.74%
Dividend Payout Ratio
83.58%

Paychex (PAYX) pays an annual dividend of $3.92 per share, with a dividend yield of 2.81%. The next quarterly payment of $0.98 per share was paid on Wednesday, November 27, to investors who owned the stock before the ex-dividend date of Thursday, November 7. PAYX has grown its dividend for 14 consecutive years, with an average annual increase of 3.77%. The company currently pays out 83.58% of its earnings and 67.56% of its cash flow as dividends.

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PAYX Dividend Payments by Quarter

The chart below displays up to four years of Paychex's dividend payment history by quarter. The blue bars represent historical dividend payments, while the gray bars indicate future payments.

PAYX Dividend Yield Over Time

The chart below tracks Paychex's dividend yield over the past four years. The line represents changes in yield by quarter, providing a clear view of trends over time.

Paychex vs. The Competition

Compare Paychex's annual dividend, yield, and 3-year growth rate with averages for Business and NASDAQ companies to evaluate its performance against the market.

TypePaychexBusiness CompaniesNASDAQ Companies
Annual Dividend$3.92$0.01$1.31
Dividend Yield2.81%2.33%4.23%
Annualized 3-Year Dividend Growth11.74%12.96%14.22%
Track Record14 years20 years19 years

Paychex Dividend Payout Ratio

Dividend payout ratios express the dividend as a percentage of another metric, such as earnings or cash flow, and can be used to assess dividend sustainability.

TypePayout Ratio
Based on Trailing 12 Months of Earnings83.58%
Based on This Year's Estimate78.71%
Based on Next Year's Estimate73.82%
Based on Cashflow67.56%

Paychex Dividend History by Quarter

AnnouncedPeriodPaymentPayment ChangeYieldEx-Dividend DateRecord DatePayable Date
10/10/2024quarterly$0.98 - 2.82%11/7/202411/7/202411/27/2024
7/10/2024quarterly$0.98 - 3.36%8/8/20248/8/20248/29/2024
5/1/2024quarterly$0.98+$0.09
10.11%
3.3%5/9/20245/10/20245/30/2024
1/18/2024quarterly$0.89 - 2.9%2/12/20242/13/20242/27/2024
10/12/2023quarterly$0.89 - 3%11/13/202311/14/202311/28/2023
7/13/2023quarterly$0.89 - 2.98%8/9/20238/10/20238/24/2023
4/28/2023quarterly$0.89+$0.10
12.66%
3.3%5/10/20235/11/20235/25/2023
1/20/2023quarterly$0.79 - 2.74%2/8/20232/9/20232/23/2023

This table shows Paychex's quarterlydividend history, including payout amounts, yield, dividend changes, and key dates. Use the date filter to explore data as far back as 2013 to analyze trends over time.

Paychex Dividend - Frequently Asked Questions

The current dividend yield for Paychex is 2.81%. Learn more on PAYX's dividend yield history.

The annual dividend for PAYX shares is $3.92. Learn more on PAYX's annual dividend history.

Paychex pays quarterly dividends to shareholders.

Paychex's most recent quarterly dividend payment of $0.98 per share was made to shareholders on Wednesday, November 27, 2024.

Paychex's most recent ex-dividend date was Thursday, November 7, 2024.

Over the past three years, the company's dividend has grown by an average of 11.74% per year.

Paychex has increased its dividend for the past 14 consecutive years.

The most recent change in the company's dividend was an increase of $0.09 on Wednesday, May 1, 2024.

The dividend payout ratio for PAYX is:
  • 83.58% based on the trailing year of earnings
  • 78.71% based on this year's estimates
  • 73.82% based on next year's estimates
  • 67.56% based on cash flow

Paychex's dividend yield of 2.79% is higher than the average Business Services company that issues a dividend. The company's 14 consecutive years of dividend growth indicate that the company has a strong committment to maintain and grow its dividend. Paychex's dividend payout ratio of 83.58% may not be sustainable. However, based on earnings estimates, PAYX will have a more sustainable dividend payout ratio of 73.82% next year.

Looking at the stock as a whole, market analysts rate Paychex stock as a Reduce, forecasting potential downside risks or overvaluation, signaling caution for investors.


This page (NASDAQ:PAYX) was last updated on 12/22/2024 by MarketBeat.com Staff
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