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PAYX Paychex dividend history, payout ratio & dates

Paychex's last dividend of $0.98 per share was on Aug 8, 2024 (ex-date). The annualized dividend payment of $3.74 per share represents a current dividend yield of 2.77%.

Key dates

  • PAYX last dividend date: Aug 8, 2024
PAYX dividend stats
DPS
$3.74
Dividend yield
2.78%
Payout ratio
79.7%
vs. Industrials sector
Dividend yield
1.49%
Payout ratio
31.7%

Dividend yield

What is Paychex current dividend yield

Paychex's dividend yield of 2.77% is higher than the Industrials sector, the industry and its peers average. In comparison with the Industrials sector average of 1.49%, Paychex's dividend yield is 86% 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 11% since one year ago. But with the stock price up by 16% from a year ago, the dividend yield marks a decrease of 4.4%.

Recent dividends

Ex-date Amount Yield (TTM)
Aug 8, 2024 $0.98 3.01%
May 9, 2024 $0.98 3.01%
Feb 12, 2024 $0.89 2.92%
Nov 13, 2023 $0.89 3.02%
Aug 9, 2023 $0.89 2.71%
May 10, 2023 $0.89 3%
Feb 8, 2023 $0.79 2.75%
Nov 8, 2022 $0.79 2.59%
Aug 10, 2022 $0.79 2.18%
May 11, 2022 $0.79 2.34%
Jan 28, 2022 $0.66 2.29%
Oct 29, 2021 $0.66 2.11%
Jul 30, 2021 $0.66 2.25%
May 11, 2021 $0.66 2.54%
Jan 29, 2021 $0.62 2.84%
Oct 30, 2020 $0.62 3.02%
Jul 31, 2020 $0.62 3.45%
May 14, 2020 $0.62 3.93%
Jan 31, 2020 $0.62 2.89%
Oct 31, 2019 $0.62 2.89%
Jul 31, 2019 $0.62 2.84%
May 14, 2019 $0.62 2.73%
Jan 31, 2019 $0.56 3.16%
Oct 31, 2018 $0.56 3.33%
Jul 31, 2018 $0.56 3.07%
May 8, 2018 $0.56 3.34%
Jan 31, 2018 $0.5 2.87%
Oct 31, 2017 $0.5 3.01%
Jul 28, 2017 $0.5 3.25%
May 8, 2017 $0.46 3.17%
Jan 30, 2017 $0.46 2.96%
Oct 28, 2016 $0.46 3.2%
Jul 28, 2016 $0.46 2.91%
May 5, 2016 $0.42 3.28%
Jan 28, 2016 $0.42 3.53%
Oct 29, 2015 $0.42 3.09%
Jul 30, 2015 $0.42 3.37%
May 7, 2015 $0.38 3.11%
Jan 29, 2015 $0.38 3.21%

Paychex dividend payout ratio

What is Paychex dividend payout ratio compared to the sector

Payout ratio

Paychex's payout ratio of 79.7% 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 151% 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 2.78% $3.74 79.7%
NSP Insperity Inc 2.62% $2.34 54.5%
ADP Automatic Data Processing Inc 2% $5.6 61.3%
INTU Intuit Inc 0.56% $3.6 34%
EFX Equifax Inc 0.52% $1.56 33.1%

Frequently asked questions

Does Paychex pay a dividend?

Yes, Paychex has been paying dividends for the last 30 years.

When was PAYX's last dividend?

Paychex's last regular dividend was on Aug 8, 2024 (ex-date) with the amount of $0.98 per share.

How much dividend does Paychex pay (per share)?

PAYX has paid dividend of $3.74 per share in the last year.

What is Paychex's dividend yield?

Currently Paychex's dividend yield is 2.77%.

How often does Paychex pay dividends?

Paychex pays dividends quarterly.

What is Paychex's dividend payout ratio?

Paychex's dividend payout ratio is 79.7%.

Does Paychex pay a good dividend?

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

Special dividends are included in TTM DPS and yield. Data from and Sharadar.