ADP increases dividend yet again in Q2 of 2018

Dividend Aristocrat Automatic Data Processing (ADP) will raise its quarterly dividend by 9.5 percent to $0.69 per share. This follows a double digit dividend hike by the company in the fourth quarter of 2017.


The new dividend is payable July 1, 2018 to shareholders of record on June 8, 2018. The new dividend yield for ADP is 2.4%.

The dividend increase represents a return to shareholders of a portion of the benefits from the Tax Cuts and Jobs Act of December 2017.  The Board of Directors anticipates consideration of another dividend increase in November 2018 consistent with ADP’s historical pattern throughout its 43 year track record of annual dividend increases.

Last year ADP hiked its dividend by 10.5 percent, marking the 43rd consecutive year of dividend increases.

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