Paychex, Inc. (PAYX) To Go Ex-Dividend on November 7th

Paychex, Inc. (NASDAQ:PAYX) declared a quarterly dividend on Thursday, October 9th, RTT News reports. Investors of record on Friday, November 7th will be paid a dividend of 1.08 per share by the business services provider on Wednesday, November 26th. This represents a c) annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Friday, November 7th.

Paychex has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 3 consecutive years. Paychex has a payout ratio of 76.2% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Analysts expect Paychex to earn $5.31 per share next year, which means the company should continue to be able to cover its $4.32 annual dividend with an expected future payout ratio of 81.4%.

Paychex Trading Up 0.0%

Shares of PAYX stock opened at $115.14 on Wednesday. Paychex has a 12-month low of $113.15 and a 12-month high of $161.24. The company has a market capitalization of $41.44 billion, a P/E ratio of 25.87, a P/E/G ratio of 2.68 and a beta of 0.93. The firm has a 50-day moving average price of $128.56 and a 200 day moving average price of $140.81. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 1.15.

Paychex (NASDAQ:PAYX) last announced its quarterly earnings results on Tuesday, September 30th. The business services provider reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.02. Paychex had a net margin of 27.85% and a return on equity of 45.17%. The firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.54 billion. During the same period last year, the firm posted $1.16 EPS. The firm’s quarterly revenue was up 16.8% on a year-over-year basis. Paychex has set its FY 2026 guidance at 5.428-5.528 EPS. Research analysts forecast that Paychex will post 4.99 earnings per share for the current fiscal year.

About Paychex

Paychex, Inc, together with its subsidiaries, provides integrated human capital management solutions (HCM) for payroll, benefits, human resources (HR), and insurance services for small to medium-sized businesses in the United States, Europe, and India. It offers payroll processing services; payroll tax administration services; employee payment services; and regulatory compliance services, such as new-hire reporting and garnishment processing.