ROSELAND, N. J., Nov. 11, 2020
/PRNewswire/ -- The board of directors of Automatic Data
Processing, Inc. (Nasdaq: ADP) approved a $0.02 increase in the quarterly cash dividend to
an annual rate of $3.72 per share,
Carlos Rodriguez, ADP's president
and chief executive officer, announced today. The increased
cash dividend marks the 46th consecutive year in which
ADP, a leading global technology company providing human capital
management (HCM) solutions, has raised its quarterly dividend.
"This increase in our quarterly dividend represents a strong signal
of the board's confidence in ADP's future and our ability to
navigate the present economic uncertainty. Our dividend is a
cornerstone to our long-standing commitment to shareholder-friendly
actions, and we are pleased to increase it for a 46th
consecutive year," said Carlos
Rodriguez.
The new quarterly dividend rate of $0.93 per share will be distributed on
January 1, 2021 to shareholders of
record on December 11, 2020.
About ADP (NASDAQ – ADP)
Designing better ways to work
through cutting-edge products, premium services and exceptional
experiences that enable people to reach their full potential.
HR, Talent, Time Management, Benefits and Payroll. Informed
by data and designed for people. Learn more at ADP.com
ADP, the ADP logo, and Always Designing for People are
trademarks of ADP, Inc. All other marks are the property of their
respective owners.
Copyright © 2020 ADP, Inc. All rights reserved.
ADP-Media
Allyce Hackmann
201.400.4583
Allyce.Hackmann@adp.com
ADP-Investor Relations
Contact:
ADP Investor Relations
973.974.5858
Investor.Mail@ADP.com
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SOURCE Automatic Data Processing, Inc.