Paycom Software's latest quarterly cash dividend of $0.375 per share was issued to shareholders on record before May 24, 2024. The dividend distribution stands at $1.5 per share annually, which comes to a dividend yield of 0.92%.
Paycom Software's dividend yield of 0.92% is lower than the Technology sector and the industry average. If we compare it with the Technology sector average of 1.55%, Paycom Software's dividend yield is 41% lower.
Our records show that PAYC has distributed four quarterly dividends in the past year.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| May 24, 2024 | Jun 10, 2024 | Apr 29, 2024 | $0.375 | normal |
| Mar 1, 2024 | Mar 18, 2024 | Feb 5, 2024 | $0.375 | normal |
| Nov 24, 2023 | Dec 11, 2023 | Oct 30, 2023 | $0.375 | normal |
| Aug 25, 2023 | Sep 11, 2023 | Jul 31, 2023 | $0.375 | normal |
| May 26, 2023 | Jun 12, 2023 | May 15, 2023 | $0.375 | normal |
Paycom Software's payout ratio of 18.3% is below the Technology sector and the industry average. Compared to its Technology sector average of 34.9%, Paycom Software's payout ratio is 48% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| PAYX Paychex Inc | 2.9% | $3.65 | 77.8% |
| SSNC SS&C Technologies Holdings Inc | 1.33% | $0.96 | 37.1% |
| ORCL Oracle Corp | 1.15% | $1.6 | 41.9% |
| PAYC Paycom Software Inc | 0.91% | $1.5 | 18.3% |
Paycom Software has issued four dividends in the last twelve months.
PAYC hasn't announced its next dividend date yet, but if we take into consideration its recent dividend history, it is likely that its next dividend will be in August 2024.
Paycom Software's last regular dividend was on May 24, 2024 (ex-date) with the amount of $0.375 per share.
On an annual basis PAYC pays $1.5 per share.
Currently Paycom Software's dividend yield is 0.92%.
Paycom Software pays dividends quarterly.
The dividend payout ratio of Paycom Software is 18.3%.
Paycom Software's dividend yield is less than the Technology sector average.