ROSELAND, N.J. – The board of directors of Automatic Data Processing, Inc. (Nasdaq: ADP) approved a $0.10 increase in the quarterly cash dividend to an annual rate of $3.16 per share, Carlos Rodriguez, ADP’s president and chief executive officer, announced today. The increased cash dividend marks the 44th consecutive year in which ADP, a leading provider of Human Capital Management (HCM) solutions, has raised its quarterly dividend.
“The new $0.79 quarterly dividend represents a 25% increase in the quarterly dividend compared to a year ago, and is a strong signal of the board’s confidence in ADP’s future and its commitment to shareholder friendly actions,” said Carlos Rodriguez.
The new quarterly dividend rate of $0.79 per share will be distributed on January 1, 2019 to shareholders of record on December 14, 2018.
About ADP (Nasdaq: ADP)
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SOURCE: news provided by MEDIACENTER.ADP.COM