Welcome to our dedicated page for Paychex news (Ticker: $PAYX), a resource for investors and traders seeking the latest updates and insights on Paychex stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Paychex's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Paychex's position in the market.
Paychex, Inc., a leading provider of human capital management software solutions, announced a 10% increase in its quarterly cash dividend to $0.98 per share. The Board of Directors approved the increase based on strong financial position and healthy free cash flow. The dividend will be payable on May 30, 2024, to shareholders of record as of May 10, 2024.
In April 2024, according to the Paychex Small Business Employment Watch, hourly earnings growth for U.S. small business workers increased to 3.34%, ending a nearly two-year deceleration trend. However, job growth slowed, with U.S. small businesses adding jobs at a slower pace. Weekly hours worked for employees also decreased for the 13th consecutive month. The Small Business Jobs Index stood at 100.12, indicating positive job gains but down from the previous year.
