Paychex, Inc. (NASDAQ:PAYX) declared quarterly dividend of $ 0.62 per share, or $ 2.48 annualized.
The dividend will be payable on August 27, 2020, to stockholders of record on August 3, 2020, with an ex-dividend date of July 31, 2020.
Dividends History
wpDataTable with provided ID not found!Recent Earnings Announcement
Paychex, Inc. posted income for the fourth quarter of $ 0.61 per share, from the revenue of $ 951.10 million, On adjusted basis, PAYX reported income for the quarter of $ 0.61 per share. The quarterly earnings decreased 4.69 percent while revenues fell 2.99 percent compared with the same quarter last year. According to street consensus, PAYX was expected to report 4Q20 income of $ 0.60 per share from revenue of $ 910.91 million. The bottom line results beat street analysts by $ 0.01 or 1.67 percent, at the same time, top line results topped analysts by $ 40.19 million or 4.41 percent.
Stock Performance
According to the previous trading day, closing price of PAYX was $ 74.55, representing a 55.73 % increase from the 52 week low of $ 47.87 and a 17.66 % decrease over the 52 week high of $ 90.54.
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The company has a market capital of $ 26.09 billion and is part of the Industrials sector and Business Services industry.
Paychex, Inc. provides integrated human capital management solutions for payroll, benefits, human resource (HR), retirement, and insurance services for small- to medium-sized businesses in the United States and Europe. The company offers payroll processing services; payroll tax administration services; employee payment services; and regulatory compliance services, such as new-hire reporting and garnishment processing.
