ADP raises dividend for 42nd consecutive year

-
Automatic Data Processing (ADP) will hike its dividend by 7.5%.
The quarterly dividend will be increased to $0.57 per share, marking 42 consecutive years of dividend growth. 

"Along with ADP's long-standing focus on our clients and our associates, we remain committed to our shareholder friendly actions. Our 42-year track record of increasing dividends is evidence of this commitment," said Carlos Rodriguez, president and chief executive officer of ADP.

ADP, a provider of Human Capital Management (HCM) solutions, has a 2.5% dividend yield at the current stock price of $91.33. 

The increased quarterly dividend will be distributed on January 1, 2017 to shareholders of record at December 9, 2016.

Recent posts on dividendtrackrecords.com

Pentair hikes dividend by 8.7%

-
Pentair (PNR) , a global water solutions company, has announced an 8.7% increase to its quarterly dividend, raising it to $0.25 per share. At the current stock price of $105.49, this results in a dividend yield of 0.85%. The company’s annual dividend payout now rises to $165 million.
Read more

Dimeco hikes dividend by 5%

-
On December 19, 2024, the Board of Directors of Dimeco, Inc. (DIMC) announced a quarterly dividend of $0.42 per share, marking a 5% increase from the previous dividend of $0.40 declared in September 2024. This adjustment represents an annual dividend payout of $1.62 per share, an $0.08 increase compared to the dividends declared in 2023.
Read more