Automatic Data Processing, Inc. (ADP) To Go Ex-Dividend on December 7th
Automatic Data Processing, Inc. (NASDAQ:ADP) announced a quarterly dividend on Tuesday, November 7th, RTT News reports. Stockholders of record on Friday, December 8th will be paid a dividend of 0.63 per share by the business services provider on Monday, January 1st. This represents a $2.52 annualized dividend and a dividend yield of 2.22%. The ex-dividend date of this dividend is Thursday, December 7th. This is a positive change from Automatic Data Processing’s previous quarterly dividend of $0.57.
Shares of Automatic Data Processing (ADP) opened at $113.75 on Friday. The firm has a market capitalization of $50,761.83, a PE ratio of 30.60, a PEG ratio of 2.93 and a beta of 0.85. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.10 and a quick ratio of 1.10. Automatic Data Processing has a one year low of $94.11 and a one year high of $121.77.
Automatic Data Processing (NASDAQ:ADP) last released its earnings results on Thursday, November 2nd. The business services provider reported $0.91 EPS for the quarter, topping the consensus estimate of $0.85 by $0.06. Automatic Data Processing had a return on equity of 42.34% and a net margin of 14.08%. The business had revenue of $3.08 billion during the quarter, compared to analysts’ expectations of $3.06 billion. During the same quarter last year, the firm posted $0.86 earnings per share. The firm’s revenue was up 5.6% on a year-over-year basis. sell-side analysts expect that Automatic Data Processing will post 3.91 EPS for the current year.
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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