Automatic Data Processing Inc
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Information Technology : IT Services | Large Cap Blend
Company profile

Automatic Data Processing, Inc. (ADP) is a global technology company engaged in providing cloud-based human capital management (HCM) solutions that unite HR, payroll, talent, time, tax and benefits administration. Its segments include Employer Services and Professional Employer Organization (PEO). Its Employer Services segment serves clients ranging from single-employee small businesses to large enterprises with tens of thousands of employees around the world, offering a range of technology-based HCM solutions, including its cloud-based platforms, and human resource outsourcing (HRO) solutions (other than PEO) solutions. Its offerings include Payroll Services, Benefits Administration, Talent Management, HR Management, Workforce Management, Compliance Services, Insurance Services and Retirement Services. Its PEO business, called ADP TotalSource, provides clients with employment administration outsourcing solutions. It serves over 990,000 clients in 140 countries and territories.

Postmarket

Last Trade
Delayed
$222.35
-0.01 (0.00%)
Bid
--
Ask
--
B/A Size
--

Market Hours

Closing Price
$222.36
Day's Change
1.56 (0.71%)
Bid close
--
Ask close
--
B/A Size
--
Day's High
223.30
Day's Low
218.49
Volume
(Heavy Day)
Volume:
3,520,745

10-day average volume:
2,488,459
3,520,745

ADP Increases Cash Dividend; Marks 48th Consecutive Year of Dividend Increases

8:30 am ET November 9, 2022 (PR Newswire) Print

The board of directors of ADP (Nasdaq: ADP) approved a $0.21 increase in the quarterly cash dividend to an annual rate of $5.00 per share, Carlos Rodriguez, ADP's chief executive officer, announced today. The increased cash dividend marks the 48th consecutive year in which ADP, a leading global technology company providing human capital management (HCM) solutions, has raised its quarterly dividend.

https://mma.prnewswire.com/media/1056331/ADP_Logo.jpg

"This 20% increase in our quarterly dividend signifies our 48th year of consecutive annual dividend increases. Our dividend is a cornerstone to our long-standing commitment to shareholder-friendly actions, and we are pleased to be one of a select group of companies with such a track record," said Carlos Rodriguez.

The new quarterly dividend rate of $1.25 per share will be distributed on January 1, 2023 to shareholders of record on December 9, 2022.

About ADP (NASDAQ - ADP)Designing better ways to work through cutting-edge products, premium services and exceptional experiences that enable people to reach their full potential. HR, Talent, Time Management, Benefits and Payroll. Informed by data and designed for people. Learn more at ADP.com

ADP, the ADP logo, and Always Designing for People are trademarks of ADP, Inc.

Copyright (C) 2022 ADP, Inc. All rights reserved.

ADP - Investor Relations

Investor Relations Contacts: Danyal Hussain, CFA973.974.7836Danyal.Hussain@adp.com

Matthew Keating, CFA973.974.3037Matthew.Keating@adp.com

ADP - Media

Media Contact:Allyce Hackmann201.400.4583Allyce.Hackmann@adp.com

https://c212.net/c/img/favicon.png?sn=NY30444&sd=2022-11-09

View original content to download multimedia:https://www.prnewswire.com/news-releases/adp-increases-cash-dividend-marks-48th-consecutive-year-of-dividend-increases-301672332.html

SOURCE ADP - IR

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comtex tracking

COMTEX_418473459/1005/2022-11-09T08:30:23

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