Dividend Update: – Automatic Data Processing, Inc. (NASDAQ:ADP)

Automatic Data Processing, Inc. (NASDAQ:ADP) has market worth of 61.94B along 438.03M outstanding shares. The stock moved 0.80% to $142.54 in recent session. The stock traded 294961 shares. The stock had closed at $141.41 on the previous day.

In terms of profitability, Automatic Data Processing, Inc. has a gross margin of 48.40%, an operating margin of 16.90% and a net profit margin of 12.70%. Return on assets come to 4.20% and return on investment coming to 24.40% while Return on equity come to 39.70%.

The board of directors of Automatic Data Processing, Inc. (NASDAQ:ADP) approved a $0.10 increase in the quarterly cash dividend to an annual rate of $3.16 per share, Carlos Rodriguez, ADP’s president and chief executive officer, announced today.  The increased cash dividend marks the 44th consecutive year in which ADP, a leading provider of Human Capital Management (HCM) solutions, has raised its quarterly dividend.

Carlos Rodriguez said “The new $0.79 quarterly dividend represents a 25% increase in the quarterly dividend compared to a year ago, and is a strong signal of the board’s confidence in ADP’s future and its commitment to shareholder friendly actions”.

The new quarterly dividend rate of $0.79 per share will be distributed on January 1, 2019 to shareholders of record on December 14, 2018.

The stock has recorded a weekly performance of 4.52% and monthly performance is -6.34%. Shares have moved 2.54% over the last quarter and changed 12.44% over the recent six months. The shares registered yearly performance at 25.99% and YTD move seen at 20.67%.

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