Back to PAYX overview

PAYX Paychex dividend history, payout ratio & dates

Paychex's last quarterly dividend of $0.98 per share was on May 9, 2024 (ex-date). The annualized dividend payment of $3.65 per share represents a current dividend yield of 2.91%. The latest PAYX payout of $0.98 marks a dividend growth of 10%.

Key dates

  • PAYX last dividend date: May 9, 2024
  • PAYX next dividend date: Not announced
PAYX dividend stats
DPS
$3.65
Dividend yield
2.91%
Payout ratio
79.2%
vs. Industrials sector
Dividend yield
1.4%
Payout ratio
31.7%

Dividend yield

What is Paychex current dividend yield

Paychex's dividend yield of 2.91% is higher than the Industrials sector, the industry and its peers average. In comparison with the Industrials sector average of 1.4%, Paychex's dividend yield is 108% higher. Historically PAYX's dividend yield has averaged at 2.8% in the last 5 years, which is in line with the current one.

Dividend history

What is PAYX dividend payout history and dates

Paychex has a history of paying dividends since 1995. Our records of PAYX show that the company has issued four quarterly dividends in the last twelve months. The annualized DPS marks an increase of 12% since one year ago. But with the stock price up by 16% from a year ago, the dividend yield marks a decrease of 3.5%.

Recent dividends

Ex-date Payment date Declared on Amount Type
May 9, 2024 May 30, 2024 May 1, 2024 $0.98 normal
Feb 12, 2024 Feb 27, 2024 Jan 18, 2024 $0.89 normal
Nov 13, 2023 Nov 28, 2023 Oct 12, 2023 $0.89 normal
Aug 9, 2023 Aug 24, 2023 Jul 13, 2023 $0.89 normal
May 10, 2023 May 25, 2023 Apr 28, 2023 $0.89 normal
Feb 8, 2023 Feb 23, 2023 Jan 20, 2023 $0.79 normal
Nov 8, 2022 Nov 23, 2022 Oct 13, 2022 $0.79 normal
Aug 10, 2022 Aug 25, 2022 Jul 14, 2022 $0.79 normal
May 11, 2022 May 26, 2022 Apr 29, 2022 $0.79 normal
Jan 28, 2022 Feb 24, 2022 Jan 14, 2022 $0.66 normal
Oct 29, 2021 Nov 29, 2021 Oct 14, 2021 $0.66 normal
Jul 30, 2021 Aug 26, 2021 Jul 8, 2021 $0.66 normal
May 11, 2021 May 27, 2021 Apr 30, 2021 $0.66 normal
Jan 29, 2021 Feb 25, 2021 Jan 22, 2021 $0.62 normal
Oct 30, 2020 Nov 24, 2020 Oct 15, 2020 $0.62 normal
Jul 31, 2020 Aug 27, 2020 Jul 9, 2020 $0.62 normal
May 14, 2020 May 28, 2020 May 1, 2020 $0.62 normal
Jan 31, 2020 Feb 20, 2020 Jan 17, 2020 $0.62 normal
Oct 31, 2019 Nov 21, 2019 Oct 17, 2019 $0.62 normal
Jul 31, 2019 Aug 22, 2019 Jul 11, 2019 $0.62 normal
May 14, 2019 May 30, 2019 May 3, 2019 $0.62 normal
Jan 31, 2019 Feb 15, 2019 Jan 18, 2019 $0.56 normal
Oct 31, 2018 Nov 15, 2018 Oct 10, 2018 $0.56 normal
Jul 31, 2018 Aug 23, 2018 Jul 11, 2018 $0.56 normal
May 8, 2018 May 24, 2018 Apr 27, 2018 $0.56 normal
Jan 31, 2018 Feb 15, 2018 Jan 19, 2018 $0.5 normal
Oct 31, 2017 Nov 15, 2017 Oct 11, 2017 $0.5 normal
Jul 28, 2017 Aug 24, 2017 Jul 13, 2017 $0.5 normal
May 8, 2017 May 25, 2017 Apr 27, 2017 $0.46 normal
Jan 30, 2017 Feb 15, 2017 Jan 12, 2017 $0.46 normal
Oct 28, 2016 Nov 22, 2016 Oct 12, 2016 $0.46 normal
Jul 28, 2016 Aug 25, 2016 Jul 7, 2016 $0.46 normal
May 5, 2016 May 23, 2016 Apr 29, 2016 $0.42 normal
Jan 28, 2016 Feb 16, 2016 Jan 14, 2016 $0.42 normal
Oct 29, 2015 Nov 19, 2015 Oct 13, 2015 $0.42 normal
Jul 30, 2015 Aug 20, 2015 Jul 9, 2015 $0.42 normal

Paychex dividend payout ratio

What is Paychex dividend payout ratio compared to the sector

Payout ratio

Paychex's payout ratio of 79.2% is above the Industrials sector, the industry and its peers average. If we compare it with its Industrials sector average of 31.7%, Paychex's payout ratio is 150% higher.

Total amount of dividends paid per financial year (from cash flow)

PAYX dividend vs peer dividends

How does PAYX dividend compare to its peers' dividends
Name Dividend yield DPS Payout ratio
PAYX Paychex Inc 2.91% $3.65 79.2%
NSP Insperity Inc 2.22% $2.28 54.9%
ADP Automatic Data Processing Inc 2.1% $5.3 58.8%
EFX Equifax Inc 0.66% $1.56 34.4%
INTU Intuit Inc 0.52% $3.48 35.2%

Frequently asked questions

Does Paychex pay a dividend?

Yes, Paychex has been paying dividends for the last 29 years.

When is Paychex's next dividend?

PAYX hasn't announced its next dividend date yet, however if we take into account its recent dividend frequency, it is likely that its next dividend will be in August 2024.

When was PAYX's last dividend?

Paychex's last regular dividend was on May 9, 2024 (ex-date) with the amount of $0.98 per share.

How much dividend does Paychex pay (per share)?

PAYX has paid dividend of $3.65 per share in the last year.

What is Paychex's dividend yield?

Currently Paychex's dividend yield is 2.91%.

How often does Paychex pay dividends?

Paychex pays dividends quarterly.

What is Paychex's dividend payout ratio?

Paychex's dividend payout ratio is 79.2%.

Does Paychex pay a good dividend?

Paychex's dividend yield is higher than the Industrials sector average.