Paycom (NYSE: PAYC) unveils $2.0B stock buyback and $0.375 dividend
Rhea-AI Filing Summary
Paycom Software, Inc. announced that its Board of Directors declared a regular quarterly cash dividend of $0.375 per share of common stock. The dividend will be paid on June 8, 2026, to stockholders of record as of May 26, 2026.
The Board also approved a new stock repurchase plan authorizing the Company to buy back up to $2.0 billion of its common stock. Repurchases may occur over time through open market purchases, privately negotiated transactions, accelerated share repurchases or Rule 10b5-1 programs, and the plan has no expiration date.
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Insights
Paycom pairs a sizable $2.0B buyback authorization with a recurring cash dividend, signaling ongoing capital returns.
Paycom Software, Inc. disclosed a Board-approved program to repurchase up to $2.0 billion of common stock with no set end date. Purchases may be executed via open market trades, privately negotiated deals, accelerated share repurchases, or Rule 10b5-1 plans, giving flexibility in how shares are retired.
The company also declared a regular quarterly dividend of $0.375 per share, payable on June 8, 2026 to holders of record on May 26, 2026. Together, a recurring dividend and a large repurchase authorization indicate an ongoing capital return framework, although the actual impact will depend on future Board committee decisions about the timing and scale of repurchases.
8-K Event Classification
Key Figures
Key Terms
stock repurchase plan financial
Rule 10b5-1 programs regulatory
forward-looking statements regulatory
senior secured revolving credit facility financial
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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CURRENT REPORT
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Item 8.01 Other Events
On May 4, 2026, Paycom Software, Inc. (the “Company”) issued a press release announcing that the Board of Directors of the Company (the “Board”) declared a regular quarterly cash dividend of $0.375 per share of Company common stock. The dividend will be paid on June 8, 2026, to stockholders of record as of the close of business on May 26, 2026.
A copy of the Company’s press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
In addition, on May 4, 2026, the Board approved a new stock repurchase plan. Pursuant to the new stock repurchase plan, the Company may repurchase up to $2.0 billion of shares of its common stock from time-to-time in open market transactions at prevailing market prices, in privately negotiated transactions (including accelerated share repurchases) or by other means in accordance with federal securities laws, including Rule 10b5-1 programs. The new repurchase plan does not have an expiration date. The actual timing, number and value of shares repurchased will be determined by a committee of the Board at its discretion and will depend on a number of factors, including the market price of the Company’s common stock, general market and economic conditions and other corporate considerations. The repurchase plan may be suspended or discontinued at any time.
Forward-Looking Statements
This Current Report on Form 8-K contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are any statements that look to future events and include, but are not limited to, statements regarding the Company’s plans to purchase shares of its common stock under the authorized stock repurchase plan using cash and/or borrowings under the Company’s senior secured revolving credit facility. These forward-looking statements speak only as of the date hereof and are subject to business and economic risks. As such, the Company’s actual results could differ materially from those set forth in the forward-looking statements as a result of the factors discussed in the Company’s filings with the Securities and Exchange Commission, including but not limited to those discussed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable securities laws.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
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Description of Exhibit |
99.1 |
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Press release, dated May 4, 2026, issued by Paycom Software, Inc. |
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Cover Page Interactive Data File (embedded within the Inline XBRL document). |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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PAYCOM SOFTWARE, INC. |
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Date: |
May 4, 2026 |
By: |
/s/ Robert D. Foster |
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Robert D. Foster |
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Chief Financial Officer |
Exhibit 99.1
Paycom Announces Quarterly Cash Dividend
OKLAHOMA CITY – May 4, 2026 – (BUSINESS WIRE) – Paycom Software, Inc. (“Paycom”) (NYSE: PAYC), a leading provider of comprehensive, cloud-based human capital management software, announced today that its Board of Directors declared a cash dividend in the amount of $0.375 per share of common stock, to be paid on June 8, 2026, to all stockholders of record as of the close of business on May 26, 2026.
About Paycom
Paycom Software, Inc. (NYSE: PAYC) is a cloud-based human capital management software provider that allows organizations of all sizes across the U.S. and internationally to set numerous HR and payroll tasks to “automatic” through employee-first technology. Built on a truly single database, Paycom’s full-solution automation manages the entire employment life cycle, helping organizations streamline processes and improve data accuracy. With its industry-first AI engine, IWant™, Paycom provides instant access to accurate employee data without requiring users to navigate or learn the software. For over 25 years, Paycom has been repeatedly recognized by third‑party reviewers as a leading payroll and HCM solution.
Investor Relations Contact:
James Samford
investors@paycom.com