Paychex (NAS:PAYX) Dividends per Share

: $3.16 (TTM As of Feb. 2023)

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Paychex's dividends per share for the three months ended in Feb. 2023 was $0.79. Its dividends per share for the trailing twelve months (TTM) ended in Feb. 2023 was $3.16. Its Dividend Payout Ratio for the three months ended in Feb. 2023 was 0.61. As of today, Paychex's Dividend Yield % is 3.01%.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Paychex Inc is 0.76, which seems too high.

Good Sign:

Paychex Inc stock dividend yield is close to 2-year high.

During the past 12 months, Paychex's average Dividends Per Share Growth Rate was 19.70% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 6.40% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 8.10% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 11.60% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Paychex was 93.50% per year. The lowest was -19.40% per year. And the median was 18.90% per year.

For more information regarding to dividend, please check our Dividend Page.

Paychex Dividends per Share Historical Data

The historical data trend for Paychex's Dividends per Share can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Paychex Annual Data

Trend

May13

May14

May15

May16

May17

May18

May19

May20

May21

May22

Dividends per Share

2.06

2.30

2.48

2.52

2.77

Paychex Quarterly Data
	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23
Dividends per Share																0.66	0.79	0.79	0.79	0.79

Paychex Dividends per Share Calculation

Dividends paid to per common share.

Paychex (NAS:PAYX) Dividends per Share Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

Paychex's Dividend Payout Ratio for the quarter that ended in Feb. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Feb. 2023 )	/	EPS without NRI (Q: Feb. 2023 )
	=	0.79	/	1.29
	=	0.61

During the past 13 years, the highest Dividend Payout Ratio of Paychex was 0.83. The lowest was 0.42. And the median was 0.81.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Paychex Inc is 0.76, which seems too high.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

Paychex Recent Full-Year* Dividend History

Amount	Ex-date	Record Date	Pay Date	Type	Frequency	Forex Rate
USD 0.890	2023-05-10	2023-05-11	2023-05-25	Cash Dividend	quarterly	USD:USD 1.000000
USD 0.790	2023-02-08	2023-02-09	2023-02-23	Cash Dividend	quarterly	USD:USD 1.000000
USD 0.790	2022-11-08	2022-11-09	2022-11-23	Cash Dividend	quarterly	USD:USD 1.000000
USD 0.790	2022-08-10	2022-08-11	2022-08-25	Cash Dividend	quarterly	USD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Paychex's Dividend Yield (%) for Today is calculated as

Dividend Yield %	=	Most Recent Full Year Dividend	/	Current Share Price
	=	3.26	/	108.17
	=	3.01 %

Current Share Price is $108.17.
Paychex's Dividends per Share for the trailing twelve months (TTM) ended in Today is $3.26.

During the past 13 years, the highest Dividend Yield of Paychex was 4.77%. The lowest was 1.54%. And the median was 2.89%.

Good Sign:

Paychex Inc stock dividend yield is close to 2-year high.

Paychex Dividends per Share Related Terms

Thank you for viewing the detailed overview of Paychex's Dividends per Share provided by GuruFocus.com. Please click on the following links to see related term pages.

Paychex (NAS:PAYX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Paychex Inc (NAS:PAYX) » Definitions » Dividends per Share

Comparable Companies

Traded in Other Exchanges

PAYX:Mexico PCX:Germany P1AY34:Brazil

Address

911 Panorama Trail South, Rochester, NY, USA, 14625-2396

Website

https://www.paychex.com

Paychex is a leading provider of payroll, human capital management, and insurance solutions servicing small and midsize clients primarily in the United States. The company, established in 1979, services over 730,000 clients and pays over 1 in 12 U.S. private-sector workers. Alongside its traditional payroll services, Paychex offers HCM solutions such as benefits administration and time and attendance software, as well as human resources outsourcing and insurance agency services.

Executives

Kevin A Price	director	911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625
Karen E. Saunders-mcclendon	officer: VP, Chief Human Resources Offi	911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625
Robert L. Schrader	officer: VP/Controller	911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625
Kara Wilson	director	C/O SUCCESSFACTORS, INC., 1500 FASHION ISLAND BLVD., SUITE 300, SAN MATEO CA 94404
Tom Bonadio	director	1021 HOWARD AVE, SAN CARLOS CA 94070
John B Gibson	officer: Sr. VP, Service	CONVERGYS CORPORATION, 201 EAST FOURTH STREET, CINCINNATI OH 45202
Mark Anthony Bottini	officer: Sr. VP of Sales	911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625
Kevin N Hill	officer: Vice President	50 WREN FIELD LN, PITTSFORD NY 114534
Michael E Gioja	officer: Sr. Vice President	911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625
Rebecca F Bernson	officer: Sr. Vice President, Sales	911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625
Efrain Rivera	officer: Sr. Vice President, CFO	911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625
Laurie L. Zaucha	officer: Vice President	400 WILLOWBROOK OFFICE PARK, FAIRPORT NY 14450
Joseph Doody	director	CASELLA WASTE SYSTEMS INC, 25 GREENS HILL LANE PO BOX 866, RUTLAND VT 05701
Delbert M Humenik	officer: Sr. Vice President	911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625
Jennifer R. Vossler	officer: VP/Controller	911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625