Automatic Data Processing, Inc. (ADP) to Issue Quarterly Dividend of $1.70 on October 1st

Automatic Data Processing, Inc. (NASDAQ:ADP – Get Free Report) declared a quarterly dividend on Wednesday, August 5th. Investors of record on Friday, September 11th will be paid 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 is Friday, September 11th.

Automatic Data Processing has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 49 consecutive years. Automatic Data Processing has a dividend payout ratio of 62.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Automatic Data Processing to earn $13.40 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 50.7%.

Get Automatic Data Processing alerts:

Automatic Data Processing Stock Performance

Automatic Data Processing stock opened at $273.51 on Friday. The company has a quick ratio of 1.04, a current ratio of 1.05 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $109.33 billion, a PE ratio of 25.00 and a beta of 0.81. The firm has a fifty day simple moving average of $239.94 and a two-hundred day simple moving average of $224.66. Automatic Data Processing has a twelve month low of $188.16 and a twelve month high of $310.08.

Automatic Data Processing (NASDAQ:ADP – Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The business services provider reported $2.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.59 by $0.05. The firm had revenue of $5.47 billion for the quarter, compared to analysts’ expectations of $5.44 billion. Automatic Data Processing had a return on equity of 71.34% and a net margin of 20.11%.The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period last year, the firm earned $2.26 earnings per share. Automatic Data Processing has set its FY 2027 guidance at 12.120-12.340 EPS. Research analysts expect that Automatic Data Processing will post 12.28 EPS for the current year.

Automatic Data Processing Company Profile

(Get Free Report)

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.

Further Reading

• Five stocks we like better than Automatic Data Processing
• Sandisk Just Delivered a Blowout Quarter—Here’s Why the Stock Is Falling
• 4 Oil and Gas ETF Plays as Prices Stay Sky-High
• What Tesla Stands to Lose If It Walks Away From China
• Disney Sets Up for a Magical Year in 2027

Receive News & Ratings for Automatic Data Processing Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Automatic Data Processing and related companies with MarketBeat.com's FREE daily email newsletter.