ADP Inc As of October 10, 2023 ticker dps (an.) 2024 hike 2023 hike 2022 hike
ADP $5.00 0.0% 20.2% 11.8%
Business yield Hike yrs 5 yr CAGR freq. paid since
HCM Solutions 2.0% 48 14.7% Quarter 1974
Dividend Aristocrat ADP has increased its dividend for 45 consecutive years now.
Dividend Aristocrat ADP has increased its dividend for 45 consecutive years now.

Dividend Aristocrat Automatic Data Processing (ADP) will raise its quarterly dividend by 15.2 percent to $0.91 per share in 2019. Last year ADP hiked its dividend two times for a total of more than 25 percent.

The new quarterly dividend rate of $0.91 per share will be distributed on January 1, 2020 to shareholders of record on December 13, 2019. A new annual rate of $3.64 per share yields

"The 15% increase in our quarterly dividend is the latest example of ADP's long-standing commitment to shareholder-friendly actions and is a strong signal of the board's confidence in ADP's future," said Carlos Rodriguez.

Automatic Data Processing, Inc. (ADP) is a provider of human capital management (HCM) solutions. The company's services include a wide range of human resource, payroll, tax, and benefits administration solutions. ADP's reportable business segments are Employer Services and Professional Employer Organization (“PEO”). ADP was founded in 1949 on an innovative idea: to help business owners focus on core business activities by freeing them up from certain non-core tasks such as payroll.