ADP Increases Cash Dividend; Marks 47th Consecutive Year of Dividend Increases

Rhea-AI Summary

Automatic Data Processing (ADP) has announced a $0.11 increase in its quarterly cash dividend, bringing the annual rate to $4.16 per share. This marks the 47th consecutive year of dividend increases, reflecting the board's confidence in ADP's ongoing performance. The new dividend rate of $1.04 per share will be paid on January 1, 2022, to shareholders of record on December 10, 2021. ADP emphasizes its commitment to delivering shareholder value through consistent dividend growth.

Positive

• 12% increase in quarterly dividend signals strong company performance.
• 47th consecutive year of dividend increases demonstrates reliability and shareholder commitment.

Negative

• None.

ROSELAND, N. J., Nov. 10, 2021 /PRNewswire/ -- The board of directors of Automatic Data Processing, Inc. (Nasdaq: ADP) approved a $0.11 increase in the quarterly cash dividend to an annual rate of $4.16 per share, Carlos Rodriguez, ADP's president and chief executive officer, announced today.  The increased cash dividend marks the 47^th consecutive year in which ADP, a leading global technology company providing human capital management (HCM) solutions, has raised its quarterly dividend.

"This 12% increase in our quarterly dividend represents a strong signal of the board's confidence in ADP's prospects for this fiscal year and beyond. Our dividend is a cornerstone to our long-standing commitment to shareholder-friendly actions, and we are pleased to increase it for a 47^th consecutive year," said Carlos Rodriguez.

The new quarterly dividend rate of $1.04 per share will be distributed on January 1, 2022 to shareholders of record on December 10, 2021.

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 © 2021 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 ADP - IR

FAQ

What is the new dividend amount for ADP?

ADP's new quarterly dividend amount is $1.04 per share.

When will ADP's dividend be paid?

The dividend will be paid on January 1, 2022.

What is the significance of the 47th consecutive dividend increase for ADP?

It indicates ADP's strong financial health and commitment to returning value to shareholders.

What is the annual dividend rate for ADP after the increase?

The annual dividend rate is now $4.16 per share.

Who is eligible to receive the ADP dividend?

Shareholders of record on December 10, 2021, will be eligible for the dividend.