Automatic Data Processing, Inc. Declares Quarterly Dividend of $1.70 (NASDAQ:ADP)

Automatic Data Processing, Inc. (NASDAQ:ADP) declared a quarterly dividend on Wednesday, August 5th. Investors of record on Friday, September 11th will be given a dividend of 1.70 per share by the business services provider on Thursday, October 1st. This represents a c) dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Friday, September 11th.

Automatic Data Processing has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 49 years. Automatic Data Processing has a dividend payout ratio of 62.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Automatic Data Processing to earn $13.47 per share next year, which means the company should continue to be able to cover its $6.80 annual dividend with an expected future payout ratio of 50.5%.

Automatic Data Processing Stock Down 0.2%

Shares of Automatic Data Processing stock opened at $270.09 on Thursday. Automatic Data Processing has a one year low of $188.16 and a one year high of $310.08. The company has a market cap of $107.96 billion, a P/E ratio of 24.69 and a beta of 0.81. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.04 and a current ratio of 1.05. The firm has a fifty day moving average of $238.87 and a two-hundred day moving average of $224.57.

Automatic Data Processing (NASDAQ:ADP) last issued its earnings results on Wednesday, July 29th. The business services provider reported $2.64 earnings per share for the quarter, beating the consensus estimate of $2.59 by $0.05. The business had revenue of $5.47 billion for the quarter, compared to the consensus estimate of $5.44 billion. Automatic Data Processing had a net margin of 20.11% and a return on equity of 71.34%. The business’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.26 earnings per share. Automatic Data Processing has set its FY 2027 guidance at 12.120-12.340 EPS. On average, analysts forecast that Automatic Data Processing will post 12.3 earnings per share for the current year.

Automatic Data Processing Company Profile

Automatic Data Processing, Inc (ADP) is a global provider of cloud-based human capital management (HCM) and payroll solutions. Founded in 1949 and headquartered in Roseland, New Jersey, ADP began as a payroll processing company and has evolved into a diversified provider of workforce management, HR, benefits administration, tax and compliance services, and analytics for employers of all sizes.

ADP’s product portfolio includes payroll processing and tax filing, time and attendance systems, benefits administration, talent management, and HR outsourcing.