Paychex's last quarterly dividend of $0.89 per share was on Feb 12, 2024 (ex-date). The annualized dividend payment of $3.56 per share represents a current dividend yield of 3.02%.
Paychex's dividend yield of 3.02% is higher than the Industrials sector, the industry and its peers average. In comparison with the Industrials sector average of 1.43%, Paychex's dividend yield is 111% higher. Historically PAYX's dividend yield has averaged at 2.8% in the last 5 years, which is lower than the current one.
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 13% since one year ago. And with the stock price up by 8% from a year ago, the dividend yield marks an increase of 4.5%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| 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's payout ratio of 77.2% is above the Industrials sector, the industry and its peers average. If we compare it with its Industrials sector average of 30.1%, Paychex's payout ratio is 156% higher.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| PAYX Paychex Inc | 2.98% | $3.56 | 77.2% |
| ADP Automatic Data Processing Inc | 2.19% | $5.3 | 61.3% |
| NSP Insperity Inc | 2.11% | $2.28 | 50.3% |
| EFX Equifax Inc | 0.72% | $1.56 | 35.1% |
| INTU Intuit Inc | 0.58% | $3.48 | 35.2% |
Yes, Paychex has been paying dividends for the last 29 years.
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 May 2024.
Paychex's last regular dividend was on Feb 12, 2024 (ex-date) with the amount of $0.89 per share.
PAYX has paid dividend of $3.56 per share in the last year.
Currently Paychex's dividend yield is 3.02%.
Paychex pays dividends quarterly.
Paychex's dividend payout ratio is 77.2%.
Paychex's dividend yield is higher than the Industrials sector average.