ADP Increases Cash Dividend; Marks 46th Consecutive Year of Dividend Increases

Rhea-AI Summary

Automatic Data Processing (ADP) announces a $0.02 increase in its quarterly cash dividend, bringing the annual rate to $3.72 per share. This marks the 46th consecutive year of dividend increases, reflecting the board's confidence in the company's future amid economic uncertainties. The new dividend rate of $0.93 per share will be distributed on January 1, 2021, to shareholders of record on December 11, 2020. ADP continues to emphasize its commitment to shareholder-friendly actions.

Positive

• Dividend increased by $0.02 to an annual rate of $3.72 per share, indicating strong financial health.
• 46th consecutive year of dividend increases, showcasing consistent shareholder returns.
• Board's confidence in ADP's ability to navigate economic uncertainties.

Negative

• None.

ROSELAND, N. J., Nov. 11, 2020 /PRNewswire/ -- The board of directors of Automatic Data Processing, Inc. (Nasdaq: ADP) approved a $0.02 increase in the quarterly cash dividend to an annual rate of $3.72 per share, Carlos Rodriguez, ADP's president and chief executive officer, announced today.  The increased cash dividend marks the 46^th consecutive year in which ADP, a leading global technology company providing human capital management (HCM) solutions, has raised its quarterly dividend.

"This increase in our quarterly dividend represents a strong signal of the board's confidence in ADP's future and our ability to navigate the present economic uncertainty. Our dividend is a cornerstone to our long-standing commitment to shareholder-friendly actions, and we are pleased to increase it for a 46^th consecutive year," said Carlos Rodriguez.

The new quarterly dividend rate of $0.93 per share will be distributed on January 1, 2021 to shareholders of record on December 11, 2020.

About ADP (NASDAQ – ADP)
Designing better ways to work through cutting-edge products, premium services and exceptional experiences that enable people to reach their full potential.  HR, Talent, Time Management, Benefits and Payroll.  Informed by data and designed for people.  Learn more at ADP.com

ADP, the ADP logo, and Always Designing for People are trademarks of ADP, Inc. All other marks are the property of their respective owners.  

Copyright © 2020 ADP, Inc. All rights reserved.

ADP-Media

Allyce Hackmann
201.400.4583
Allyce.Hackmann@adp.com

ADP-Investor Relations

Contact:
ADP Investor Relations
973.974.5858
Investor.Mail@ADP.com

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SOURCE Automatic Data Processing, Inc.

FAQ

What is the new dividend amount for ADP?

ADP's new quarterly dividend amount is $0.93 per share.

When will ADP's dividend be paid?

The dividend will be paid on January 1, 2021.

What is the history of ADP's dividend increases?

ADP has increased its dividend for 46 consecutive years.

When is the record date for ADP's dividend?

The record date for ADP's dividend is December 11, 2020.

How does the dividend increase affect ADP shareholders?

The dividend increase is a positive signal of ADP's financial health and commitment to shareholders.