ADP Increases Cash Dividend; Marks 41st Consecutive Year of Dividend Increases
10 Novembro 2015 - 5:00PM
The board of directors of Automatic Data Processing, Inc.
(Nasdaq:ADP), approved a $0.04 increase in the quarterly cash
dividend to an annual rate of $2.12 per share, Carlos Rodriguez,
president and chief executive officer, announced today. The
increased cash dividend marks the 41st consecutive year in which
ADP, a leading global provider of Human Capital Management
(HCM) solutions, has raised its quarterly dividend.
"Along with ADP's commitment to our clients and our associates,
we remain committed to our shareholder friendly actions. Our
41-year track record of increasing dividends is evidence of this
commitment," said Carlos Rodriguez.
With the announcement of the spin-off of CDK Global in 2014, ADP
stated its intention to continue its track record of annual
dividend increases, subject to board approval, while returning to
its pre-separation target dividend payout ratio of 55% to 60%. This
$0.04 increase in the quarterly cash dividend results in a dividend
payout ratio above this target. ADP intends to grow the cash
dividend at a slower rate than earnings growth to allow the company
to return to this target 55% to 60% dividend payout ratio in
subsequent years.
The new quarterly dividend rate of $0.53 per share compares with
the previous quarterly dividend rate of $0.49 per share. This
increased quarterly dividend will be distributed on January 1, 2016
to shareholders of record at December 11, 2015.
About ADP (Nasdaq:ADP)
Powerful technology plus a human touch. Companies of all
types and sizes around the world rely on ADP's cloud software and
expert insights to help unlock the potential of their people. HR.
Talent. Benefits. Payroll. Compliance. Working together to
build a better workforce. For more information, visit
ADP.com.
The ADP logo, ADP, are registered trademarks of ADP, LLC.
ADP A more human resource. is a service mark of ADP, LLC. All
other marks are the property of their respective owners. Copyright
© 2015 ADP, LLC.
CONTACT: ADP Investor Relations, 973.974.5858
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