Automatic Data Processing Inc Dividend Increase

On November 11, Automatic Data Processing (ADP) increased its dividend by 11.76%, from $1.70 to $1.90 per share.

The dividend is payable on January 1 to shareholders of record on December 11.

ADP's contribution to DivGro's projected annual dividend income will increase by $80 to $760.

Created by the author

I own 100 shares of ADP at an average cost basis of $158.32/share. After this increase, my yield on cost is 4.80%, while the stock's forward yield is 2.49% at $305.44/share.

Since I opened my position in February 2020, the stock has delivered a 110% total return, including $2,646.90 in dividends. That's a superb annualized rate of return of 16.2%!

ADP became DivGro's 53rd Home Run stock in October 2024, doubling my original capital outlay.

5-Year History of Dividend Payouts by Ex-Date

✝projected, assuming no further changes

Created by the author

ADP's quality score is 7.94, which I rate as High Quality. The Simply Safe Dividends score of 90 places ADP in the Very Safe band. With 52 consecutive years of dividend growth, ADP is a Dividend King, one of only 53 stocks with dividend streaks of 50 or more years.