Paychex Declares Quarterly Dividend

Rhea-AI Summary

Paychex, Inc. (NASDAQ:PAYX) announced a quarterly dividend of $.79 per share, payable on August 25, 2022, to shareholders recorded by August 11, 2022. This reflects the company's ongoing commitment to returning value to shareholders. With over 730,000 payroll clients, Paychex continues to provide integrated human capital management solutions across the U.S. and Europe, demonstrating resilience and growth in its operational services.

Positive

• Quarterly dividend of $.79 per share reinforces shareholder value.
• Company serves over 730,000 payroll clients, indicating strong market presence.

Negative

• None.

ROCHESTER, N.Y.--(BUSINESS WIRE)-- Today the Board of Directors of Paychex, Inc. (NASDAQ:PAYX) declared a regular quarterly dividend of $.79 per share payable August 25, 2022 to shareholders of record August 11, 2022.

About Paychex

Paychex, Inc. (NASDAQ:PAYX) is a leading provider of integrated human capital management solutions for payroll, benefits, human resources, and insurance services. By combining its innovative software-as-a-service technology and mobility platform with dedicated, personal service, Paychex empowers small- and medium-sized business owners to focus on the growth and management of their business. Backed by 50 years of industry expertise, Paychex serves over 730,000 payroll clients as of May 31, 2022 across more than 100 locations in the U.S. and Europe and pays one out of every 12 American private sector employees. Learn more about Paychex by visiting paychex.com and stay connected on Twitter and LinkedIn.

Paychex, Inc.’s news releases, current financial information, Securities and Exchange Commission filings, and investor presentations are accessible at our Investor Relations page.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220714005730/en/

Investor Relations:

Efrain Rivera, CFO or

Terri Allen

585-383-3406



Media Inquiries:

Lisa Fleming

585-387-6402

Source: Paychex, Inc.

FAQ

What is the dividend amount declared by Paychex for August 2022?

Paychex declared a quarterly dividend of $.79 per share.

When is Paychex's dividend payment date?

The dividend is payable on August 25, 2022.

Who are the shareholders eligible for the dividend?

Shareholders on record as of August 11, 2022, are eligible for the dividend.

How many payroll clients does Paychex serve?

Paychex serves over 730,000 payroll clients.

Is Paychex's dividend sustainable?

The sustainability of the dividend can be evaluated based on the company’s financial health, which reflects strong client management.