The board of directors of ADP approved a 10% increase in the quarterly cash dividend, raising it by $0.14 to an annual rate of $6.16 per share. The new quarterly dividend rate is $1.54 per share, payable on January 1, 2025, to shareholders of record on December 13, 2024.
This dividend increase marks the 50th consecutive year that ADP has raised its quarterly dividend, a significant milestone that places the company among the elite group of 'Dividend Kings.' This achievement underscores ADP's long-standing commitment to its shareholders.
Maria Black, President and CEO of ADP, stated that this increase signifies the Board's confidence in the financial strength of the company. The consistent dividend growth reflects ADP's resilient business model and its ability to deliver strong results for investors over an extended period.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.