ADP hikes dividend by 20.2%

On November 9, 2022, Dividend Aristocrat Automatic Data Processing (ADP) announced that it will raise its quarterly dividend by 20.2% to $1.25 per share. This marks 48 consecutive years of increased dividends by ADP. The dividend yield for ADP is 2.0% at a stock price of $251.

Automatic Data Processing, Inc. (ADP) is a provider of human capital management (HCM) solutions. The company's services include a wide range of human resource, payroll, tax, and benefits administration solutions. ADP's reportable business segments are Employer Services and Professional Employer Organization (“PEO”). ADP was founded in 1949 on an innovative idea: to help business owners focus on core business activities by freeing them up from certain non-core tasks such as payroll.