Paychex Dividend

Dividend criteria checks 5/6

Paychex is a dividend paying company with a current yield of 3.17% that is well covered by earnings. Next payment date is on 29th August, 2024 with an ex-dividend date of 8th August, 2024.

Key information

3.2%

Dividend yield

78%

Payout ratio

Industry average yield1.6%
Next dividend pay date29 Aug 24
Ex dividend date08 Aug 24
Dividend per shareUS$3.920
Earnings per shareUS$4.69
Dividend yield forecast in 3Y3.5%

Recent dividend updates

Paychex (NASDAQ:PAYX) Will Pay A Larger Dividend Than Last Year At $0.98

May 04
Paychex (NASDAQ:PAYX) Will Pay A Larger Dividend Than Last Year At $0.98

Recent updates

Here's What Paychex's (NASDAQ:PAYX) Strong Returns On Capital Mean

Jul 11
Here's What Paychex's (NASDAQ:PAYX) Strong Returns On Capital Mean

Paychex: A Model Of Consistency

Jul 07

Paychex, Inc. (NASDAQ:PAYX) Annual Results: Here's What Analysts Are Forecasting For This Year

Jun 28
Paychex, Inc. (NASDAQ:PAYX) Annual Results: Here's What Analysts Are Forecasting For This Year

Paychex: Uncertainties Ahead Are Keeping Me On The Sidelines

Jun 21

Is Now The Time To Look At Buying Paychex, Inc. (NASDAQ:PAYX)?

Jun 03
Is Now The Time To Look At Buying Paychex, Inc. (NASDAQ:PAYX)?

Paychex (NASDAQ:PAYX) Will Pay A Larger Dividend Than Last Year At $0.98

May 04
Paychex (NASDAQ:PAYX) Will Pay A Larger Dividend Than Last Year At $0.98

Here's Why We Think Paychex (NASDAQ:PAYX) Might Deserve Your Attention Today

Apr 28
Here's Why We Think Paychex (NASDAQ:PAYX) Might Deserve Your Attention Today

Paychex: Scoop Up This Dividend Growth Stock Now

Apr 10

Paychex, Inc. (NASDAQ:PAYX) Just Reported Third-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?

Apr 04
Paychex, Inc. (NASDAQ:PAYX) Just Reported Third-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?

Paychex (NASDAQ:PAYX) Might Become A Compounding Machine

Apr 02
Paychex (NASDAQ:PAYX) Might Become A Compounding Machine

Are Investors Undervaluing Paychex, Inc. (NASDAQ:PAYX) By 29%?

Mar 21
Are Investors Undervaluing Paychex, Inc. (NASDAQ:PAYX) By 29%?

Paychex: A Wonderful Business, But Waiting For A Better Entry Point

Mar 21

Should You Think About Buying Paychex, Inc. (NASDAQ:PAYX) Now?

Feb 14
Should You Think About Buying Paychex, Inc. (NASDAQ:PAYX) Now?

Paychex: A Dividend Grower Priced At A Discount

Feb 12

Paychex, Inc. (NASDAQ:PAYX) Investors Are Less Pessimistic Than Expected

Jan 21
Paychex, Inc. (NASDAQ:PAYX) Investors Are Less Pessimistic Than Expected

Paychex, Inc.: Cash Generating Machine Trading At Cheap Valuation

Jan 17

Capital Investments At Paychex (NASDAQ:PAYX) Point To A Promising Future

Dec 27
Capital Investments At Paychex (NASDAQ:PAYX) Point To A Promising Future

Here's Why Paychex (NASDAQ:PAYX) Has Caught The Eye Of Investors

Dec 15
Here's Why Paychex (NASDAQ:PAYX) Has Caught The Eye Of Investors

An Intrinsic Calculation For Paychex, Inc. (NASDAQ:PAYX) Suggests It's 24% Undervalued

Oct 20
An Intrinsic Calculation For Paychex, Inc. (NASDAQ:PAYX) Suggests It's 24% Undervalued

Capital Investments At Paychex (NASDAQ:PAYX) Point To A Promising Future

Sep 26
Capital Investments At Paychex (NASDAQ:PAYX) Point To A Promising Future

With EPS Growth And More, Paychex (NASDAQ:PAYX) Makes An Interesting Case

Sep 13
With EPS Growth And More, Paychex (NASDAQ:PAYX) Makes An Interesting Case

At US$122, Is It Time To Put Paychex, Inc. (NASDAQ:PAYX) On Your Watch List?

Aug 30
At US$122, Is It Time To Put Paychex, Inc. (NASDAQ:PAYX) On Your Watch List?

Calculating The Intrinsic Value Of Paychex, Inc. (NASDAQ:PAYX)

Jul 16
Calculating The Intrinsic Value Of Paychex, Inc. (NASDAQ:PAYX)

Paychex (NASDAQ:PAYX) Will Want To Turn Around Its Return Trends

Jun 19
Paychex (NASDAQ:PAYX) Will Want To Turn Around Its Return Trends

Here's Why Paychex (NASDAQ:PAYX) Has Caught The Eye Of Investors

Jun 07
Here's Why Paychex (NASDAQ:PAYX) Has Caught The Eye Of Investors

Should You Think About Buying Paychex, Inc. (NASDAQ:PAYX) Now?

May 01
Should You Think About Buying Paychex, Inc. (NASDAQ:PAYX) Now?

Calculating The Fair Value Of Paychex, Inc. (NASDAQ:PAYX)

Apr 06
Calculating The Fair Value Of Paychex, Inc. (NASDAQ:PAYX)

Returns On Capital At Paychex (NASDAQ:PAYX) Paint A Concerning Picture

Mar 13
Returns On Capital At Paychex (NASDAQ:PAYX) Paint A Concerning Picture

Here's Why We Think Paychex (NASDAQ:PAYX) Might Deserve Your Attention Today

Feb 27
Here's Why We Think Paychex (NASDAQ:PAYX) Might Deserve Your Attention Today

Estimating The Fair Value Of Paychex, Inc. (NASDAQ:PAYX)

Jan 04
Estimating The Fair Value Of Paychex, Inc. (NASDAQ:PAYX)

Returns On Capital At Paychex (NASDAQ:PAYX) Paint A Concerning Picture

Dec 10
Returns On Capital At Paychex (NASDAQ:PAYX) Paint A Concerning Picture

Here's Why We Think Paychex (NASDAQ:PAYX) Might Deserve Your Attention Today

Nov 16
Here's Why We Think Paychex (NASDAQ:PAYX) Might Deserve Your Attention Today

Paychex declares $0.79 dividend

Oct 13

Upcoming Dividend Payment

TodayJul 24 2024Ex Dividend DateAug 08 2024Dividend Pay DateAug 29 202421 days from Ex DividendBuy in the next 15 days to receive the upcoming dividend

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
How does PAYX dividend yield compare to the market?
SegmentDividend Yield
Company (PAYX)3.2%
Market Bottom 25% (US)1.5%
Market Top 25% (US)4.4%
Industry Average (Professional Services)1.6%
Analyst forecast in 3 Years (PAYX)3.5%

Notable Dividend: PAYX's dividend (3.17%) is higher than the bottom 25% of dividend payers in the US market (1.46%).

High Dividend: PAYX's dividend (3.17%) is low compared to the top 25% of dividend payers in the US market (4.4%).


Earnings Payout to Shareholders

Earnings Coverage: At its current payout ratio (77.8%), PAYX's payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: At its current cash payout ratio (81.3%), PAYX's dividend payments are covered by cash flows.


Discover strong dividend paying companies

Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.