ROSELAND, N.J., Nov. 07, 2017 (GLOBE NEWSWIRE) -- The board of directors of ADP (Nasdaq:ADP), approved a $0.06 increase in the quarterly cash dividend to an annual rate of $2.52 per share, Carlos Rodriguez, ADP's president and chief executive officer, announced today. The increased cash dividend marks the 43rd consecutive year in which ADP, a leading global provider of Human Capital Management (HCM) solutions, has raised its quarterly dividend.
"Throughout ADP's long and successful history, we have been committed to our shareholder friendly actions. There is no better evidence of our commitment to our shareholders than our 43-year track record of increasing dividends," said John Jones, chairman of ADP's board of directors. "This year's 10.5% increase in our quarterly dividend is a strong signal of the board's confidence in ADP's future," said Carlos Rodriguez.
The new quarterly dividend rate of $0.63 per share compares with the previous quarterly dividend rate of $0.57 per share. This increased quarterly dividend will be distributed on January 1, 2018 to shareholders of record at December 8, 2017.
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Source: Automatic Data Processing (ADP)
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