ADP Increases Cash Dividend; Marks 50th Consecutive Year of Dividend Increases

ADP announced a $0.14 increase in its quarterly cash dividend to an annual rate of $6.16 per share, marking its 50th consecutive year of dividend increases.

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Rhea-AI Summary

ADP announced a $0.14 increase in its quarterly cash dividend to an annual rate of $6.16 per share, marking its 50th consecutive year of dividend increases. The new quarterly dividend of $1.54 per share represents a 10% increase and will be distributed on January 1, 2025, to shareholders of record on December 13, 2024. The company joins the elite group of 'Dividend Kings', companies that have increased dividends for at least 50 consecutive years.

Positive

10% increase in quarterly dividend to $1.54 per share
50-year track record of consecutive dividend increases
Achieved 'Dividend Kings' status, indicating strong financial stability
Annual dividend rate increased to $6.16 per share

Negative

None.

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11/06/2024 - 08:00 AM EST

ROSELAND, N.J., Nov. 6, 2024 /PRNewswire/ -- The board of directors of ADP (Nasdaq: ADP) approved a $0.14 increase in the quarterly cash dividend to an annual rate of $6.16 per share, Maria Black, ADP's President and Chief Executive Officer, announced today. The increased cash dividend marks the 50^th consecutive year in which ADP, a leading global technology company providing human capital management (HCM) solutions, has raised its quarterly dividend.

"Our dividend is a cornerstone of our long-standing commitment to our shareholders and this 10% increase signifies the Board's confidence in the financial strength of ADP", said Maria Black, President and CEO of ADP. "It's an exciting time as we mark our 50^th consecutive year of dividend increases and celebrate 75 years of being at the forefront of workforce innovation. We are proud to be included among the elite group of 'Dividend Kings', who have a history of increasing dividends for at least 50 consecutive years, and we remain focused on continuing to deliver strong results for our shareholders."

The new quarterly dividend rate of $1.54 per share will be distributed on January 1, 2025 to shareholders of record on December 13, 2024.

About ADP (NASDAQ – ADP)
Designing better ways to work through cutting-edge products, premium services and exceptional experiences that enable people to reach their full potential. HR, Talent, Time Management, Benefits and Payroll. Informed by data and designed for people. Learn more at ADP.com

ADP, the ADP logo, and Always Designing for People are trademarks of ADP, Inc.

ADP - Investor Relations

Matthew Keating, CFA
973.974.3037
Matthew.Keating@adp.com

ADP - Media

Media Contact:
Allyce Hackmann
201.400.4583
Allyce.Hackmann@adp.com

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SOURCE ADP - IR

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is ADP's new quarterly dividend amount for 2025?

ADP's new quarterly dividend amount is $1.54 per share, effective January 1, 2025.

When will ADP (ADP) pay its next dividend?

ADP will pay its next dividend on January 1, 2025, to shareholders of record as of December 13, 2024.

How much did ADP increase its dividend in 2024?

ADP increased its quarterly dividend by $0.14, representing a 10% increase.

What is ADP's annual dividend rate for 2025?

ADP's new annual dividend rate is $6.16 per share.

How many consecutive years has ADP increased its dividend?

ADP has increased its dividend for 50 consecutive years, achieving 'Dividend Kings' status.

ADP Increases Cash Dividend; Marks 50th Consecutive Year of Dividend Increases