Paychex, Inc. (PAYX) To Go Ex-Dividend on October 26th

Paychex, Inc. (NASDAQ:PAYX) declared a quarterly dividend on Thursday, October 15th. Investors of record on Monday, October 26th will be paid a dividend of $1.19 per share by the business services provider on Wednesday, November 25th. This represents a $4.76 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Monday, October 26th.

Paychex has raised its dividend by an average of 0.1% per year over the last three years and has increased its dividend every year for the last 3 years. Paychex has a dividend payout ratio of 84.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Analysts expect Paychex to earn $6.33 per share next year, which means the company should continue to be able to cover its $4.76 annual dividend with an expected future payout ratio of 75.2%.

Paychex Stock Performance

NASDAQ:PAYX traded up $0.85 during midday trading on Friday, reaching $111.63. The stock had a trading volume of 5,508,803 shares, compared to its average volume of 3,687,478. The company has a quick ratio of 1.28, a current ratio of 1.28 and a debt-to-equity ratio of 1.23. The stock has a market cap of $39.74 billion, a P/E ratio of 22.15, a P/E/G ratio of 2.32 and a beta of 0.86. The firm has a fifty day simple moving average of $114.57 and a two-hundred day simple moving average of $105.16. Paychex has a 12-month low of $85.45 and a 12-month high of $128.78.

Paychex (NASDAQ:PAYX) last issued its earnings results on Wednesday, September 23rd. The business services provider reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.32 by $0.02. The business had revenue of $1.63 billion for the quarter, compared to the consensus estimate of $1.63 billion. Paychex had a net margin of 27.35% and a return on equity of 52.78%. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.22 earnings per share. Paychex has set its FY 2027 guidance at 5.896-6.006 EPS. On average, equities analysts expect that Paychex will post 5.96 EPS for the current year.

About Paychex

Paychex, Inc (NASDAQ: PAYX) provides payroll, human resources and employee benefits solutions for businesses of varying sizes. Its services are designed to help employers manage workforce administration, compliance and employee-related processes through integrated software and professional support.

The company’s offerings include payroll processing, time and attendance tracking, human resources administration, recruiting and onboarding tools, benefits administration, retirement services, workers’ compensation and business insurance solutions.