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.

Several equities research analysts recently commented on ADP shares. BidaskClub raised Automatic Data Processing from a “hold” rating to a “buy” rating in a research note on Thursday, September 28th. BMO Capital Markets reduced their price objective on Automatic Data Processing from $122.00 to $114.00 and set an “outperform” rating for the company in a research note on Friday, November 3rd. Bank of America raised their price objective on Automatic Data Processing from $111.00 to $114.00 and gave the company a “neutral” rating in a research note on Friday, October 13th. Barclays reissued an “equal weight” rating and issued a $105.00 price objective on shares of Automatic Data Processing in a research note on Tuesday, August 15th. Finally, Citigroup reissued a “neutral” rating and issued a $110.00 price objective (up previously from $98.00) on shares of Automatic Data Processing in a research note on Thursday, August 17th. Thirteen analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $112.37.

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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.

Dividend History for Automatic Data Processing (NASDAQ:ADP)

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