Paychex (PAYX) Dividend Yield, Date & History

$133.17

+0.67 (+0.51%)

(As of 09/19/2024 ET)

Compare

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

PAYX Dividend Payments

Open Paychex in Dividend Calculator

PAYX Dividend Yield Over Time

Open Paychex in Dividend Yield Calculator

Ad Weiss Ratings

Who are Nvidia’s New Silent Partners?

Nvidia knows it can’t stand still as AI continues to grow at an exponential rate. That’s why CEO Jensen Huang consistently has his company ahead of the curve when it comes to artificial intelligence. Nvidia’s added $2 trillion in market cap in 2024.

I call these Nvidia’s “Silent Partners.”

Paychex vs. The Competition

Type	Paychex	Business Companies	NASDAQ Companies
Annual Dividend	$3.92	$1.52	$1.24
Dividend Yield	2.94%	314.24%	406.46%
Annualized 3-Year Dividend Growth	11.74%	12.33%	14.13%
Track Record	14 years	20 years	16 years

Paychex Dividend Payout Ratio

Type	Payout Ratio
Based on Trailing 12 Months of Earnings	83.94%
Based on This Year's Estimates	78.56%
Based on Next Year's Estimates	73.55%
Based on Cashflow	67.38%

Paychex Dividend History by Quarter

Announced	Period	Amount	Yield	Ex-Dividend Date	Record Date	Payable Date
7/10/2024	quarterly	$0.98	3.36%	8/8/2024	8/8/2024	8/29/2024
5/1/2024	quarterly	$0.98	3.3%	5/9/2024	5/10/2024	5/30/2024
1/18/2024	quarterly	$0.89	2.9%	2/12/2024	2/13/2024	2/27/2024
10/12/2023	quarterly	$0.89	3%	11/13/2023	11/14/2023	11/28/2023
7/13/2023	quarterly	$0.89	2.98%	8/9/2023	8/10/2023	8/24/2023
4/28/2023	quarterly	$0.89	3.3%	5/10/2023	5/11/2023	5/25/2023
Biden's Executive Order, Dems Digital Money Legislation, First Step To (Ad) Donald Trump once again sounded the alarm against Fed-controlled digital currencies (CBDCs). If these plans are implemented, it could mean the end of America as we know it. This means you must act NOW before it's too late.
1/20/2023	quarterly	$0.79	2.74%	2/8/2023	2/9/2023	2/23/2023
10/13/2022	quarterly	$0.79	2.93%	11/8/2022	11/9/2022	11/23/2022
7/14/2022	quarterly	$0.79	2.81%	8/10/2022	8/11/2022	8/25/2022
4/29/2022	quarterly	$0.79	2.39%	5/11/2022	5/12/2022	5/26/2022
1/14/2022	quarterly	$0.66	2.12%	1/28/2022	1/31/2022	2/24/2022
10/14/2021	quarterly	$0.66	2.22%	10/29/2021	11/1/2021	11/29/2021
7/8/2021	quarterly	$0.66	2.4%	7/30/2021	8/2/2021	8/26/2021
4/30/2021	quarterly	$0.66	2.7%	5/11/2021	5/12/2021	5/27/2021
1/22/2021	quarterly	$0.62	2.84%	1/29/2021	2/1/2021	2/25/2021
10/15/2020	quarterly	$0.62	2.98%	10/30/2020	11/2/2020	11/24/2020
7/9/2020	quarterly	$0.62	3.41%	7/31/2020	8/3/2020	8/27/2020
5/1/2020	quarterly	$0.62	3.74%	5/14/2020	5/15/2020	5/28/2020
1/17/2020	quarterly	$0.62	2.81%	1/31/2020	2/3/2020	2/20/2020
10/17/2019	quarterly	$0.62	2.93%	10/31/2019	11/1/2019	11/21/2019
7/11/2019	quarterly	$0.62	2.9%	7/31/2019	8/1/2019	8/22/2019
5/3/2019	quarterly	$0.62	3%	5/14/2019	5/15/2019	5/30/2019
1/18/2019	Quarterly	$0.56	3.2%	1/31/2019	2/1/2019	2/15/2019
10/11/2018	quarterly	$0.56	3.22%	10/31/2018	11/1/2018	11/15/2018
7/12/2018	quarterly	$0.56	3.22%	7/31/2018	8/1/2018	8/23/2018
4/27/2018	quarterly	$0.56	3.69%	5/8/2018	5/9/2018	5/24/2018
1/19/2018	quarterly	$0.50	3.25%	1/31/2018	2/1/2018	2/15/2018
10/11/2017	quarterly	$0.50	3.15%	10/31/2017	11/1/2017	11/15/2017
7/13/2017	quarterly	$0.50	3.5%	7/28/2017	8/1/2017	8/24/2017
4/28/2017	quarterly	$0.46	3.11%	5/8/2017	5/10/2017	5/25/2017
1/13/2017	quarterly	$0.46	3.02%	1/30/2017	2/1/2017	2/15/2017
10/12/2016	quarterly	$0.46	3.28%	10/28/2016	11/1/2016	11/22/2016
7/7/2016	quarterly	$0.46	3.04%	7/28/2016	8/1/2016	8/25/2016
4/29/2016	quarterly	$0.42	3.19%	5/5/2016	5/9/2016	5/23/2016
1/15/2016	quarterly	$0.42	3.54%	1/28/2016	2/1/2016	2/16/2016
10/14/2015	quarterly	$0.42	3.37%	10/29/2015	11/2/2015	11/19/2015
7/9/2015	quarterly	$0.42	3.54%	7/30/2015	8/3/2015	8/20/2015
5/1/2015	quarterly	$0.38	3.08%	5/7/2015	5/11/2015	5/21/2015
1/16/2015	quarterly	$0.38	3.2%	1/29/2015	2/2/2015	2/17/2015
10/15/2014	quarterly	$0.38	3.53%	10/30/2014	11/3/2014	11/20/2014
Who are Nvidia’s New Silent Partners? (Ad) Nvidia knows it can’t stand still as AI continues to grow at an exponential rate. That’s why CEO Jensen Huang consistently has his company ahead of the curve when it comes to artificial intelligence. Nvidia’s added $2 trillion in market cap in 2024. I call these Nvidia’s “Silent Partners.”
7/10/2014	quarterly	$0.38	3.63%	7/30/2014	8/1/2014	8/15/2014
5/2/2014	quarterly	$0.35	3.37%	5/8/2014	5/12/2014	5/23/2014
1/17/2014	quarterly	$0.35	3.2%	1/30/2014	2/3/2014	2/17/2014
10/16/2013	quarterly	$0.35	3.4%	10/30/2013	11/1/2013	11/15/2013
7/11/2013	quarterly	$0.35	3.6%	7/30/2013	8/1/2013	8/15/2013
12/10/2012	quarterly	$0.33	7.79%	12/18/2012	12/20/2012	12/28/2012

(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

67.38% based on cash flow
Is Paychex a good dividend stock?: Paychex's dividend yield of 2.92% 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.