Thursday, July 9, 2015
Paychex raises dividend 10.53% --- New yield is 3.52%
Today PAYX announced that it is raising its quarterly dividend from $.38 to $.42. This represents a 10.53% increase and the new yield will be 3.53%
The ex-dividend date is July 30 and the pay date is August 20th.
I currently own 93.64 shares so my yearly dividends will increase by $14.98.
This is another solid raise for PAYX and follows an 8.57% raise last year. My only regret is that I don't own more shares. :-)