ROCHESTER, N.Y. — Paychex, Inc. (NASDAQ: PAYX) announced Thursday it is increasing the quarterly dividend it pays shareholders to 38 cents a share from 35 cents.
At the company’s current stock price, the new annual dividend yield amounts to about 3.6 percent, up from 3.4 percent before the increase.
The next Paychex dividend payment is payable Aug. 15, to shareholders of record Aug. 1.
(Sponsored)
Avoid the Employment Law Mistakes that Threaten Your New Business
Amid the excitement and uncertainty that accompany the opening of a new business, entrepreneurs often overlook basic employment law requirements that can cost them dearly. These include how they classify
CECL Accounting Standard: What You Need to Know
The Financial Accounting Standards Board Accounting Standards Codification (FASB ASC) 326, Financial Instruments-Credit Losses, became effective for all entities on January 1, 2023. This accounting standard introduces the current expected
Rochester–based Paychex provides payroll, human resources, insurance, and benefits-outsourcing services to small and medium-sized businesses. It is the largest payroll-preparation company in the 16-county Central New York market with 6,800 CNY payroll-service clients, according to CNYBJ Research.
Paychex has more than 100 offices companywide, including CNY locations in Salina and Vestal.
Contact Rombel at arombel@cnybj.com
