ADP Increases Cash Dividend; Marks 48th Consecutive Year of Dividend Increases

Rhea-AI Summary

ADP's board approved a $0.21 increase in its quarterly cash dividend, raising it to an annual rate of $5.00 per share. This marks the 48th consecutive year of dividend increases, signifying the company's commitment to shareholder value. The new dividend of $1.25 per share will be distributed on January 1, 2023, for shareholders on record as of December 9, 2022.

CEO Carlos Rodriguez highlighted this increase as a reflection of ADP's shareholder-friendly approach.

Positive

• 20% increase in quarterly dividend to $1.25 per share.
• 48 consecutive years of dividend increases, demonstrating strong commitment to shareholders.

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• None.

ROSELAND, N.J., Nov. 9, 2022 /PRNewswire/ -- The board of directors of ADP (Nasdaq: ADP) approved a $0.21 increase in the quarterly cash dividend to an annual rate of $5.00 per share, Carlos Rodriguez, ADP's chief executive officer, announced today.  The increased cash dividend marks the 48^th consecutive year in which ADP, a leading global technology company providing human capital management (HCM) solutions, has raised its quarterly dividend.

"This 20% increase in our quarterly dividend signifies our 48^th year of consecutive annual dividend increases.  Our dividend is a cornerstone to our long-standing commitment to shareholder-friendly actions, and we are pleased to be one of a select group of companies with such a track record," said Carlos Rodriguez.

The new quarterly dividend rate of $1.25 per share will be distributed on January 1, 2023 to shareholders of record on December 9, 2022.

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.

Copyright © 2022 ADP, Inc. All rights reserved.

ADP - Investor Relations

Investor Relations Contacts:
Danyal Hussain, CFA
973.974.7836
Danyal.Hussain@adp.com 

Matthew Keating, CFA
973.974.3037
Matthew.Keating@adp.com

ADP - Media

Media Contact:
Allyce Hackmann
201.400.4583
Allyce.Hackmann@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 $1.25 per share.

When will ADP distribute the new dividend?

The new dividend will be distributed on January 1, 2023.

What is the significance of ADP's 48th consecutive dividend increase?

It highlights ADP's long-term commitment to delivering shareholder value through consistent dividend growth.