ADP Increases Cash Dividend; Marks 49th Consecutive Year of Dividend Increases

Rhea-AI Summary

ADP (Nasdaq: ADP) announces a 12% increase in quarterly cash dividend to $1.40 per share, marking the 49th consecutive year of dividend increases. The leading global technology company providing human capital management (HCM) solutions reaffirms its commitment to shareholder-friendly actions.

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• 49th consecutive year of dividend increases
• Increased cash dividend of $1.40 per share
• Long-standing commitment to shareholder-friendly actions

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• None.

ROSELAND, N.J., Nov. 8, 2023 /PRNewswire/ -- The board of directors of ADP (Nasdaq: ADP) approved a $0.15 increase in the quarterly cash dividend to an annual rate of $5.60 per share, Maria Black, ADP's chief executive officer, announced today. The increased cash dividend marks the 49^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 signifies our 49^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 Maria Black.

The new quarterly dividend rate of $1.40 per share will be distributed on January 1, 2024 to shareholders of record on December 8, 2023.

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 © 2023 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 quarterly dividend rate for ADP (Nasdaq: ADP)?

The new quarterly dividend rate is $1.40 per share.

When will the new quarterly dividend be distributed to shareholders of ADP (Nasdaq: ADP)?

The new quarterly dividend will be distributed on January 1, 2024 to shareholders of record on December 8, 2023.

How many consecutive years has ADP (Nasdaq: ADP) increased its dividend?

ADP has increased its dividend for 49 consecutive years.