ADP Increases Quarterly Dividend by 11.8% to $1.90 Per Share
Automatic Data Processing (ADP) has announced an 11.8% increase in its quarterly dividend, raising the payout from $1.70 to $1.90 per share. This adjustment results in a forward dividend yield of approximately 2.49%. The dividend is scheduled to be payable on January 1, with the ex-dividend date and record date set for December 11. In addition to the dividend hike, ADP provided positive fiscal outlooks, forecasting adjusted earnings per share (EPS) growth of 10% to 12% for fiscal year 2027. The company also raised its interest income outlook from client funds to a range of $1.59 billion to $1.61 billion, signaling strong operational momentum and effective capital management.
Tickers: $ADP
Topics: dividends eps growth interest income quarterly earnings
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