Paychex Dividends and Buybacks
Dividend criteria checks 4/6
Paychex is a dividend paying company with a current yield of 2.76% that is well covered by earnings. Next payment date is on 3rd December, 2024 with an ex-dividend date of 6th November, 2024.
Key information
2.8%
Dividend yield
0.5%
Buyback Yield
| Total Shareholder Yield | 3.2% |
| Future Dividend Yield | 3.1% |
| Dividend Growth | -2.0% |
| Next dividend pay date | 03 Dec 24 |
| Ex dividend date | 06 Nov 24 |
| Dividend per share | R$22.721 |
| Payout ratio | 79% |
Recent dividend and buyback updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: P1AY34's dividends per share have been stable in the past 10 years.
Growing Dividend: P1AY34's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Paychex Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (P1AY34) | 2.8% |
| Market Bottom 25% (BR) | 3.0% |
| Market Top 25% (BR) | 9.6% |
| Industry Average (Professional Services) | 1.7% |
| Analyst forecast (P1AY34) (up to 3 years) | 3.1% |
Notable Dividend: P1AY34's dividend (2.76%) isn’t notable compared to the bottom 25% of dividend payers in the BR market (2.96%).
High Dividend: P1AY34's dividend (2.76%) is low compared to the top 25% of dividend payers in the BR market (9.46%).
Earnings Payout to Shareholders
Earnings Coverage: At its current payout ratio (79.3%), P1AY34's payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: At its current cash payout ratio (88.6%), P1AY34's dividend payments are covered by cash flows.