Paychex Dividends and Buybacks
Dividend criteria checks 5/6
Paychex is a dividend paying company with a current yield of 2.71% that is well covered by earnings. Next payment date is on 27th November, 2024 with an ex-dividend date of 7th November, 2024.
Key information
2.7%
Dividend yield
0.5%
Buyback Yield
| Total Shareholder Yield | 3.2% |
| Future Dividend Yield | 3.0% |
| Dividend Growth | -2.0% |
| Next dividend pay date | 27 Nov 24 |
| Ex dividend date | 07 Nov 24 |
| Dividend per share | €3.657 |
| Payout ratio | 79% |
Recent dividend and buyback updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: PAYX's dividends per share have been stable in the past 10 years.
Growing Dividend: PAYX's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Paychex Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (PAYX) | 2.7% |
| Market Bottom 25% (AT) | 2.1% |
| Market Top 25% (AT) | 6.2% |
| Industry Average (Professional Services) | 2.4% |
| Analyst forecast (PAYX) (up to 3 years) | 3.0% |
Notable Dividend: PAYX's dividend (2.71%) is higher than the bottom 25% of dividend payers in the Austrian market (2.09%).
High Dividend: PAYX's dividend (2.71%) is low compared to the top 25% of dividend payers in the Austrian market (6.2%).
Earnings Payout to Shareholders
Earnings Coverage: At its current payout ratio (79.3%), PAYX's payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: At its current cash payout ratio (88.6%), PAYX's dividend payments are covered by cash flows.