Paychex Declares a 10% Increase to Quarterly Cash Dividend
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.
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“We are increasing our dividend based on the strong financial position of the company and the healthy free cash flow generation of the business,” said John Gibson, Paychex president and CEO. “While we continue to prioritize investing in the long-term growth of the company, we remain committed to returning excess capital to our shareholders.”
For the fiscal year ending on May 31, 2024, Paychex expects to return approximately
About Paychex
Paychex, Inc. (Nasdaq: PAYX) is an industry-leading HCM company delivering a full suite of technology and advisory services in human resources, employee benefit solutions, insurance, and payroll. The company serves approximately 740,000 customers in the
View source version on businesswire.com: https://www.businesswire.com/news/home/20240501743390/en/
Investor Relations Contacts
Jason Harbes, CFA
Paychex, Inc.
Director, Investor Relations
585-336-7502
investors@paychex.com
Phil Nicosia, CFA
Paychex, Inc.
Manager, Investor Relations
585-626-3174
investors@paychex.com
Media Contact
Tracy Volkmann
Paychex, Inc.
Manager, Public Relations
585-387-6705
tvolkmann@paychex.com
Source: Paychex, Inc.