EX-Dividend Schedule: Paychex Has a Dividend Yield of 2.86%, Will Trade Ex-Dividend on January 31, 2018

LONDON, UK / ACCESSWIRE / January 30, 2018 / Active-Investors has a free review on Paychex, Inc. (NASDAQ: PAYX) following the Company’s announcement that it will begin trading ex-dividend on January 31, 2018. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on January 30, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on PAYX:

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Dividend Declared

On January 19, 2018, Paychex’s Board of Directors declared a regular quarterly dividend of $.50 per share payable February 15, 2018, to shareholders of record February 01, 2018.

Paychex’s indicated dividend represents a yield of 2.86%, which is substantially higher than the average dividend yield of 1.83% for the Services sector. The Company has raised dividend for seven years in a row.

Dividend Insight

Paychex has a dividend payout ratio of 83.7%, which indicates that the Company spends approximately $0.84 for dividend distribution out of every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.

According to analysts’ estimates, Paychex is forecasted to report earnings of $2.77 for the next year, which is substantially higher than the Company’s annualized dividend of $2.00 per share.

Paychex’s financial position as of November 30, 2017, remained strong with cash and total corporate investments of $819.5 million. The Company’s short-term borrowings totaled $133.4 million as of November 30, 2017. Paychex’s cash flows from operations were $519.4 million for the six months, an increase of 26% from the same period last year. The Company’s strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.

Recent Development for Paychex

On January 09, 2018, Paychex announced its offering of Netspend’s Tip Network, streamlining the process for paying tipped employees.

In conjunction with a paycard, Tip Network allows restaurants to track employees’ tips, calculate tip sharing and pooling amounts, and distribute tips electronically at the end of a shift, helping to manage tips more efficiently and accurately. Tip Network allows for increased cash flow with no prefunding required, helps cash management by eliminating the need for mid-shift bank trips to get cash for tip distribution, and provides customer reports with business insights, including earnings and payouts through a central dashboard.

About Paychex, Inc.

Paychex is a leading provider of integrated human capital management solutions for payroll, human resources, retirement, and insurance services. Paychex empowers small- and medium-sized business owners to focus on the growth and management of their business. Backed by 45 years of industry expertise, Paychex serves approximately 605,000 payroll clients as of May 31, 2017, across more than 100 locations and pays one out of every 12 American private sector employees.

Stock Performance Snapshot

January 29, 2018 – At Monday’s closing bell, Paychex’s stock dropped 1.69%, ending the trading session at $68.83.

Volume traded for the day: 1.26 million shares.

Stock performance in the last month – up 0.63%; previous three-month period – up 6.56%; past twelve-month period – up 12.52%; and year-to-date – up 1.10%

After yesterday’s close, Paychex’s market cap was at $24.22 billion.

Price to Earnings (P/E) ratio was at 29.54.

The stock has a dividend yield of 2.91%.

The stock is part of the Services sector, categorized under the Staffing & Outsourcing Services industry.

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