Paychex raised its quarterly dividend 8.57% today from $.35 to $.38 per share. The record date is 8/1/14 and the pay date is 8/15/14. The new yield for PAYX is 3.64%. I purchased some more shares on Tuesday and will likely add more this month. The PE is a little high, but the company appears solid and has been moving up in price recently.
Since I own 36.38 shares, this will increase my yearly dividends by $4.37.