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Paychex (PAYX) Dividend Yield, Date & History

$133.26
+0.09 (+0.07%)
(As of 09/20/2024 08:54 PM ET)

Dividend Summary

Dividend Yield
2.94%
Annual Dividend
$3.92
Dividend Increase
Track Record
14 Years
Annualized 3-Year
Dividend Growth
11.74%
Dividend Payout Ratio
83.94%
Recent
Dividend Payment
Aug. 29
Skip Charts & View Dividend History

PAYX Dividend Yield Over Time

Paychex vs. The Competition

TypePaychexBusiness CompaniesNASDAQ Companies
Annual Dividend$3.92$1.45$1.23
Dividend Yield2.94%317.80%402.63%
Annualized 3-Year Dividend Growth11.74%11.33%14.12%
Track Record14 years20 years16 years

Paychex Dividend Payout Ratio

TypePayout Ratio
Based on Trailing 12 Months of Earnings83.94%
Based on This Year's Estimates78.56%
Based on Next Year's Estimates73.55%
Based on Cashflow67.83%

Paychex Dividend History by Quarter

AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
7/10/2024quarterly$0.983.36%8/8/20248/8/20248/29/2024
5/1/2024quarterly$0.983.3%5/9/20245/10/20245/30/2024
1/18/2024quarterly$0.892.9%2/12/20242/13/20242/27/2024
10/12/2023quarterly$0.893%11/13/202311/14/202311/28/2023
7/13/2023quarterly$0.892.98%8/9/20238/10/20238/24/2023
4/28/2023quarterly$0.893.3%5/10/20235/11/20235/25/2023
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1/20/2023quarterly$0.792.74%2/8/20232/9/20232/23/2023
10/13/2022quarterly$0.792.93%11/8/202211/9/202211/23/2022
7/14/2022quarterly$0.792.81%8/10/20228/11/20228/25/2022
4/29/2022quarterly$0.792.39%5/11/20225/12/20225/26/2022
1/14/2022quarterly$0.662.12%1/28/20221/31/20222/24/2022
10/14/2021quarterly$0.662.22%10/29/202111/1/202111/29/2021
7/8/2021quarterly$0.662.4%7/30/20218/2/20218/26/2021
4/30/2021quarterly$0.662.7%5/11/20215/12/20215/27/2021
1/22/2021quarterly$0.622.84%1/29/20212/1/20212/25/2021
10/15/2020quarterly$0.622.98%10/30/202011/2/202011/24/2020
7/9/2020quarterly$0.623.41%7/31/20208/3/20208/27/2020
5/1/2020quarterly$0.623.74%5/14/20205/15/20205/28/2020
1/17/2020quarterly$0.622.81%1/31/20202/3/20202/20/2020
10/17/2019quarterly$0.622.93%10/31/201911/1/201911/21/2019
7/11/2019quarterly$0.622.9%7/31/20198/1/20198/22/2019
5/3/2019quarterly$0.623%5/14/20195/15/20195/30/2019
1/18/2019Quarterly$0.563.2%1/31/20192/1/20192/15/2019
10/11/2018quarterly$0.563.22%10/31/201811/1/201811/15/2018
7/12/2018quarterly$0.563.22%7/31/20188/1/20188/23/2018
4/27/2018quarterly$0.563.69%5/8/20185/9/20185/24/2018
1/19/2018quarterly$0.503.25%1/31/20182/1/20182/15/2018
10/11/2017quarterly$0.503.15%10/31/201711/1/201711/15/2017
7/13/2017quarterly$0.503.5%7/28/20178/1/20178/24/2017
4/28/2017quarterly$0.463.11%5/8/20175/10/20175/25/2017
1/13/2017quarterly$0.463.02%1/30/20172/1/20172/15/2017
10/12/2016quarterly$0.463.28%10/28/201611/1/201611/22/2016
7/7/2016quarterly$0.463.04%7/28/20168/1/20168/25/2016
4/29/2016quarterly$0.423.19%5/5/20165/9/20165/23/2016
1/15/2016quarterly$0.423.54%1/28/20162/1/20162/16/2016
10/14/2015quarterly$0.423.37%10/29/201511/2/201511/19/2015
7/9/2015quarterly$0.423.54%7/30/20158/3/20158/20/2015
5/1/2015quarterly$0.383.08%5/7/20155/11/20155/21/2015
1/16/2015quarterly$0.383.2%1/29/20152/2/20152/17/2015
10/15/2014quarterly$0.383.53%10/30/201411/3/201411/20/2014
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7/10/2014quarterly$0.383.63%7/30/20148/1/20148/15/2014
5/2/2014quarterly$0.353.37%5/8/20145/12/20145/23/2014
1/17/2014quarterly$0.353.2%1/30/20142/3/20142/17/2014
10/16/2013quarterly$0.353.4%10/30/201311/1/201311/15/2013
7/11/2013quarterly$0.353.6%7/30/20138/1/20138/15/2013
12/10/2012quarterly$0.337.79%12/18/201212/20/201212/28/2012
(Data available from 1/1/2013 forward)

Paychex Dividend - Frequently Asked Questions

What is Paychex's dividend yield?

The current dividend yield for Paychex is 2.94%. Learn more on PAYX's dividend yield history.

How much is Paychex's annual dividend?

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

How often does Paychex pay dividends?

Paychex pays quarterly dividends to shareholders.

When was Paychex's most recent dividend payment?

Paychex's most recent quarterly dividend payment of $0.98 per share was made to shareholders on Thursday, August 29, 2024.

When was Paychex's most recent ex-dividend date?

Paychex's most recent ex-dividend date was Thursday, August 8, 2024.

Is Paychex's dividend growing?

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

What track record does Paychex have of raising its dividend?

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

When did Paychex last increase or decrease its dividend?

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

What is Paychex's dividend payout ratio?
The dividend payout ratio for PAYX is:
  • 83.94% based on the trailing year of earnings
  • 78.56% based on this year's estimates
  • 73.55% based on next year's estimates
  • 67.83% based on cash flow
Is Paychex a good dividend stock?

Paychex's dividend yield of 2.91% is lower 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 83.94% may not be sustainable. However, based on earnings estimates, PAYX will have a more sustainable dividend payout ratio of 73.55% next year.


This page (NASDAQ:PAYX) was last updated on 9/23/2024 by MarketBeat.com Staff
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