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)
Financial Inclusion through Affordable and Safe Banking Products
Financial inclusion is the accessibility of useful and affordable financial products and services to all individuals and businesses. Financial institutions have made strides in advancing these practices, most recently in
Ask the Expert: How Registered Apprenticeship Can Solve Employers’ Workforce Challenges
In today’s tight labor market, finding and retaining skilled workers is tougher than ever. Many industries are facing talent shortages, rising turnover costs, and the pressure to keep pace with
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
