ROSELAND, N.J., Nov. 08, 2016 (GLOBE NEWSWIRE) -- The board of directors of Automatic Data Processing, Inc. (Nasdaq:ADP), approved a $0.04 increase in the quarterly cash dividend to an annual rate of $2.28 per share, Carlos Rodriguez, president and chief executive officer, announced today. The increased cash dividend marks the 42nd consecutive year in which ADP, a leading global provider of Human Capital Management (HCM) solutions, has raised its quarterly dividend.
"Along with ADP's long-standing focus on our clients and our associates, we remain committed to our shareholder friendly actions. Our 42-year track record of increasing dividends is evidence of this commitment," said Carlos Rodriguez.
The new quarterly dividend rate of $0.57 per share compares with the previous quarterly dividend rate of $0.53 per share. This increased quarterly dividend will be distributed on January 1, 2017 to shareholders of record at December 9, 2016.
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Source: Automatic Data Processing (ADP)
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