Paychex, Inc. (PAYX) to Distribute Quarterly Dividend of $1.19 on November 25th

Paychex, Inc. (NASDAQ:PAYX) announced a quarterly dividend on Thursday, October 15th. Stockholders of record on Monday, October 26th will be paid a dividend of $1.19 per share by the business services provider on Wednesday, November 25th. This represents a $4.76 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Monday, October 26th.

Paychex has raised its dividend by an average of 0.1% per year over the last three years and has raised its dividend every year for the last 3 years. Paychex has a payout ratio of 84.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities research analysts expect Paychex to earn $6.33 per share next year, which means the company should continue to be able to cover its $4.76 annual dividend with an expected future payout ratio of 75.2%.

Paychex Trading Down 0.6%

Shares of NASDAQ:PAYX traded down $0.77 during midday trading on Friday, hitting $118.04. 2,340,078 shares of the stock were exchanged, compared to its average volume of 3,031,372. The stock has a market capitalization of $42.02 billion, a price-to-earnings ratio of 23.42, a P/E/G ratio of 2.49 and a beta of 0.86. The company has a debt-to-equity ratio of 1.23, a quick ratio of 1.28 and a current ratio of 1.28. The business’s 50-day moving average price is $113.82 and its 200 day moving average price is $105.95. Paychex has a 12 month low of $85.45 and a 12 month high of $127.98.

Paychex (NASDAQ:PAYX) last issued its quarterly earnings data on Wednesday, September 23rd. The business services provider reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.32 by $0.02. Paychex had a net margin of 27.35% and a return on equity of 52.78%. The business had revenue of $1.63 billion during the quarter, compared to analyst estimates of $1.63 billion. During the same quarter last year, the business earned $1.22 EPS. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. Paychex has set its FY 2027 guidance at 5.896-6.006 EPS. Analysts predict that Paychex will post 5.96 earnings per share for the current year.

About Paychex

Paychex, Inc provides payroll, human resources and employee-benefits solutions to small and medium-sized businesses. Its offerings include payroll processing, tax administration, time and attendance management, recruiting, onboarding, human resources administration, compliance support and employee benefits services.

The company also provides retirement-plan services, insurance solutions and professional employer organization services. Through its software and outsourced services, Paychex helps employers manage workforce administration, employee data and regulatory requirements.

Paychex was founded in 1971 by B.