Automatic Data Processing (ADP) Declares Quarterly Dividend of $0.63
Automatic Data Processing (NASDAQ:ADP) announced a quarterly dividend on Tuesday, January 16th, RTT News reports. Investors of record on Friday, March 9th will be given a dividend of 0.63 per share by the business services provider on Sunday, April 1st. This represents a $2.52 annualized dividend and a dividend yield of 2.11%.
Automatic Data Processing (NASDAQ ADP) opened at $119.39 on Wednesday. The company has a market capitalization of $52,950.00, a price-to-earnings ratio of 30.30, a P/E/G ratio of 2.93 and a beta of 0.85. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.10 and a current ratio of 1.10. Automatic Data Processing has a 52 week low of $94.11 and a 52 week high of $121.77.
Automatic Data Processing (NASDAQ:ADP) last issued its quarterly earnings data on Thursday, November 2nd. The business services provider reported $0.91 EPS for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.06. The firm had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $3.06 billion. Automatic Data Processing had a return on equity of 42.34% and a net margin of 14.08%. The firm’s revenue was up 5.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.86 EPS. analysts anticipate that Automatic Data Processing will post 3.91 earnings per share for the current year.
In other news, insider Edward B. Flynn III sold 7,886 shares of the stock in a transaction on Tuesday, January 9th. The stock was sold at an average price of $117.74, for a total value of $928,497.64. Following the completion of the transaction, the insider now owns 40,522 shares of the company’s stock, valued at $4,771,060.28. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Carlos A. Rodriguez sold 95,756 shares of the stock in a transaction on Thursday, January 4th. The stock was sold at an average price of $118.09, for a total value of $11,307,826.04. Following the completion of the transaction, the chief executive officer now directly owns 124,722 shares of the company’s stock, valued at approximately $14,728,420.98. The disclosure for this sale can be found here. In the last three months, insiders sold 115,505 shares of company stock valued at $13,612,788. Company insiders own 0.25% of the company’s stock.
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About Automatic Data Processing
Automatic Data Processing, Inc (ADP) is a provider of human capital management (HCM) solutions to employers, offering solutions to businesses of various sizes. The Company also provides business process outsourcing solutions. Its segments include Employer Services and Professional Employer Organization (PEO) Services.
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