Paycom Announces Cash Dividend Policy
02 Maio 2023 - 5:06PM
Business Wire
Paycom Software, Inc. (“Paycom” or the “Company”) (NYSE:PAYC), a
leading provider of comprehensive, cloud-based human capital
management software, is pleased to announce today that its Board of
Directors (the “Board”) approved a cash dividend policy. The
Company intends to pay dividends at an annual rate of $1.50,
payable quarterly in the amount of $0.375 per share, with the
inaugural quarterly dividend anticipated to be paid in mid-June,
subject to Board approval.
“After 25 years of consistent execution, with a focus on rapid
organic growth and expanding profitability and cash flows, we are
pleased to add another dimension to our capital allocation
strategy,” said Paycom’s founder, chairman and CEO Chad Richison.
“The Board’s decision to initiate a dividend policy represents a
milestone moment for Paycom that bolsters our commitment to
simultaneously invest in long-term growth and return value to our
stockholders.”
The declaration, timing and amount of any future dividends will
be subject to the discretion and approval of the Board and will
depend on Paycom’s results of operations, cash flows, financial
position and capital requirements, as well as general business
conditions, legal, tax and regulatory restrictions and other
factors the Board deems relevant at the time it determines to
declare such dividends.
About Paycom
For nearly 25 years, Paycom Software, Inc. (NYSE:PAYC) has
simplified businesses and the lives of their employees through
easy-to-use HR and payroll technology to empower transparency
through direct access to their data. And thanks to its
industry-first solution, Beti®, U.S. employees now do their own
payroll and are guided to find and fix costly errors before payroll
submission. From onboarding and benefits enrollment to talent
management and more, Paycom’s software streamlines processes,
drives efficiencies and gives employees power over their own HR
information, all in a single app. Recognized nationally for its
technology and workplace culture, Paycom can now serve businesses
of all sizes in the U.S. and internationally.
Forward-Looking Statements
Certain statements in this press release are, and certain
statements on the related teleconference call may be,
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements are any statements that refer to Paycom’s estimated or
anticipated results, other non-historical facts or future events
and include, but are not limited to, statements regarding our
capital allocation strategy and our plans to pay cash dividends. In
addition, forward-looking statements also consist of statements
involving trend analyses and statements including such words as
“anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,”
“may,” “might,” “plan,” “potential,” “should,” “will,” “would,” and
similar expressions or the negative of such terms or other
comparable terminology. These forward-looking statements speak only
as of the date hereof and are subject to business and economic
risks. As such, our actual results could differ materially from
those set forth in the forward-looking statements as a result of
the factors discussed in our filings with the Securities and
Exchange Commission, including but not limited to those discussed
in our most recent Annual Report on Form 10-K. We do not undertake
any obligation to update or revise the forward-looking statements
to reflect events or circumstances that exist after the date on
which such statements were made, except to the extent required by
law.
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version on businesswire.com: https://www.businesswire.com/news/home/20230502005464/en/
James Samford investors@paycom.com
Paycom Software (NYSE:PAYC)
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