ROSELAND, N.J., Nov. 6, 2018 /PRNewswire/ -- The board of
directors of Automatic Data Processing, Inc. (Nasdaq: ADP) approved
a $0.10 increase in the quarterly
cash dividend to an annual rate of $3.16 per share, Carlos
Rodriguez, ADP's president and chief executive officer,
announced today. The increased cash dividend marks the
44th consecutive year in which ADP, a leading provider
of Human Capital Management (HCM) solutions, has raised its
quarterly dividend.
"The new $0.79 quarterly dividend
represents a 25% increase in the quarterly dividend compared to a
year ago, and is a strong signal of the board's confidence in ADP's
future and its commitment to shareholder friendly actions," said
Carlos Rodriguez.
The new quarterly dividend rate of $0.79 per share will be distributed on
January 1, 2019 to shareholders of
record on December 14, 2018.
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.
ADP, the ADP logo, and ADP A more human resource are
registered trademarks of ADP, LLC. All other marks
are the property of their respective owners.
Copyright © 2018 ADP, LLC.
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Contact:
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Investor.Mail@ADP.com
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SOURCE ADP, LLC