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Paychex Stock Dividends Overview

PAYX pays dividends quarterly. Last paid amount was $0.89 at Feb 27, 2024. As of today, dividend yield (TTM) is 3.03%.

Dividend Yield Range

The Dividend Yield Range is the range of values in which a stock’s dividend yield has fluctuated within a specified period, often a year. It represents the variation between the highest and lowest dividend yields observed during that time frame.
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Dividend Analysis

Key Stats

Dividend Yield (TTM) 3.03%
Frequency Quarterly
1Y Growth 0%
Payout Ratio 0
Amount Per Share $0.89
Paychex has not yet announced its next dividend date. Last payment date was: Feb 27, 2024.

PAYX Dividend Payout History

To ensure a understanding of PAYX's dividend performance, consider examining the historical payout ratios and how they align with the company's earnings. Fluctuations in payout amounts may reflect changes in the company's dividend policy or earnings stability.


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jan 18, 2024 Feb 12, 2024 Feb 27, 2024 $0.89 0.724%
2 Oct 12, 2023 Nov 13, 2023 Nov 28, 2023 $0.89 0.744%
3 Jul 13, 2023 Aug 09, 2023 Aug 24, 2023 $0.89 0.737%
4 Apr 28, 2023 May 10, 2023 May 25, 2023 $0.89 0.82%
5 Jan 20, 2023 Feb 08, 2023 May 25, 2023 $0.790 0.732%
6 Oct 13, 2022 Nov 08, 2022 Nov 23, 2022 $0.790 0.641%
7 Jul 14, 2022 Aug 10, 2022 Aug 25, 2022 $0.790 0.589%
8 Apr 29, 2022 May 11, 2022 May 26, 2022 $0.790 0.652%
9 Jan 14, 2022 Jan 28, 2022 Feb 24, 2022 $0.660 0.570%
10 Oct 14, 2021 Oct 29, 2021 Nov 29, 2021 $0.660 0.533%

Dividend Sustainability

The company's strong Dividend Sustainability Score (DSS) indicates its robust capacity to uphold current dividend levels. Furthermore, its high Dividend Growth Potential Score (DGPS) signals potential dividend growth. In summary, the company provides a promising overall dividend outlook, balancing both sustainability and growth potential.

Sustainability score

Good (84.84%)

Growth potential

Increase likely (76.11%)

PAYX Dividend Calculator

Dividend Calculator is designed to forecast the potential returns from PAYX dividends based on your individual investment size or the number of shares you own. Simply enter your total investment amount to see the cumulative dividend payment you could receive over a specified period.
Read how to invest in PAYX stock here.

Comparing PAYX to Sector and Country

PAYX pays a solid dividend yield of 3.03%, which is higher than the average of the bottom 25% of dividend payers in the US market (0.524%). PAYX’s dividend yield is lower than the average of the top 25% of dividend payers in the Industrials sector in the US market (7.55%), which means that there are more attractive dividend stocks to consider.

PAYX Stock Competitors

Symbol Company Name Market Cap Amount Per Share Dividend Yield (TTM) Payout Ratio (TTM)
Paychex 44.077B $0.89 3.03% 77.27%
Fastenal Company 39.721B $0.390 2.96% 89.86%
PACCAR Inc. 61.844B $0.270 2.61% 33.01%
ADP
Automatic Data Processing 100.319B $1.40 2.26% 58.19%
CSX
CSX Corporation 66.924B $0.120 1.33% 23.74%
Expeditors International of Washington 16.794B $0.690 1.13% 26.83%
Old Dominion Freight Line 47.877B $0.520 1.12% 14.13%
Cintas Corporation 67.631B $1.35 0.95% 33.97%
J.B. Hunt Transport Services 19.12B $0.430 0.87% 23.88%
Ryanair Holdings plc 24.599B $0.94 0.665% -
Verisk Analytics 31.858B $0.390 0.602% 26.15%
UAL
United Airlines Holdings, Inc 13.613B $2.15 0% -

FAQ

What factors can affect the amount of PAYX's dividend payments?
The amount of PAYX's dividends can fluctuate based on several factors, including the company's financial performance, earnings, cash flow, capital requirements, and overall market conditions. Changes in PAYX sector's trends, interest rate shifts, and the company's operational adjustments can also influence dividend decisions.

Can dividends from PAYX stock be automatically reinvested?
If PAYX offers a Dividend Reinvestment Plan (DRIP), shareholders may have the option to automatically reinvest dividends to purchase additional shares. Please check with your brokerage for the availability and details of such a plan. Here's an easy guide on how to buy PAYX stock.

How often does PAYX pay dividend?
Paychex (PAYX) pays dividends quarterly. The most recent payout was on Feb 27, 2024.

How much does PAYX pays per share?
The last recorder (Feb 12, 2024) dividend per share was $0.89.

What is PAYX dividend growth rate?
Over the last year, Paychex has witnessed growth rate of 0% . Looking back over the past 3 years, this growth rate has been 10.48%. Furthermore, examining the past 5 years, Paychex has maintained an average Dividends Per Share Growth Rate of 7.50%.
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About Paychex

Paychex Paychex, Inc. provides integrated human capital management solutions for human resources (HR), payroll, benefits, and insurance services for small to medium-sized businesses in the United States, Europe, and India. It offers payroll processing services; payroll tax administration services; employee payment services; and regulatory compliance services, such as new-hire reporting and garnishment processing. The company also provides HR solutions, i... PAYX Profile

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