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Paychex (Paychex) Dividend Payout Ratio : 0.88 (As of May. 2024)


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What is Paychex Dividend Payout Ratio?

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Paychex's Dividend Payout Ratio for the months ended in May. 2024 was 0.88.

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 0.77, which seems too high.

The historical rank and industry rank for Paychex's Dividend Payout Ratio or its related term are showing as below:

PAYX' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.74   Med: 0.82   Max: 0.83
Current: 0.77


During the past 13 years, the highest Dividend Payout Ratio of Paychex was 0.83. The lowest was 0.74. And the median was 0.82.

PAYX's Dividend Payout Ratio is ranked worse than
82.03% of 523 companies
in the Business Services industry
Industry Median: 0.4 vs PAYX: 0.77

As of today (2024-07-18), the Dividend Yield % of Paychex is 2.93%.

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

Paychex's Dividends per Share for the months ended in May. 2024 was $0.98.

During the past 12 months, Paychex's average Dividends Per Share Growth Rate was 12.00% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 13.10% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 9.70% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 9.70% per year.

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 16.20% per year.

The growth rate is calculated with least square regression.

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


Paychex Dividend Payout Ratio Historical Data

The historical data trend for Paychex's Dividend Payout Ratio 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 Dividend Payout Ratio Chart

Paychex Annual Data
Trend May15 May16 May17 May18 May19 May20 May21 May22 May23 May24
Dividend Payout Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.83 0.83 0.74 0.76 0.77

Paychex Quarterly Data
Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24 May24
Dividend Payout Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.92 0.78 0.82 0.65 0.88

Competitive Comparison of Paychex's Dividend Payout Ratio

For the Staffing & Employment Services subindustry, Paychex's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Paychex's Dividend Payout Ratio Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Paychex's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Paychex's Dividend Payout Ratio falls into.



Paychex Dividend Payout Ratio Calculation

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.

Paychex's Dividend Payout Ratio for the fiscal year that ended in May. 2024 is calculated as

Dividend Payout Ratio=Dividends per Share (A: May. 2024 )/ EPS without NRI (A: May. 2024 )
=3.65/ 4.72
=0.77

Paychex's Dividend Payout Ratio for the quarter that ended in May. 2024 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: May. 2024 )/ EPS without NRI (Q: May. 2024 )
=0.98/ 1.12
=0.88

* 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.


Paychex (NAS:PAYX) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.


Paychex Dividend Payout Ratio Related Terms

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


Paychex (Paychex) Business Description

Traded in Other Exchanges
Address
911 Panorama Trail South, Rochester, NY, USA, 14625-2396
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 740,000 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
Flaschen David J S director 911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625
Christopher C Simmons officer: VP, Controller & Treasurer 911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625
Michael E Gioja officer: Sr. Vice President 911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625
Efrain Rivera officer: Sr. Vice President, CFO 911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625
Martin Mucci officer: Sr. Vice President 911 PANORAMA TRAIL S, ROCHESTER NY 14625
Joseph M Tucci director EMC CORPORATION, 176 SOUTH STREET, HOPKINTON MA 01748
Joseph M Velli director
Elizabeth Roaldsen officer: Sr. Vice President 911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625
Karen E. Saunders-mcclendon officer: VP, Chief Human Resources Offi 911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625
Theresa M. Payton director 911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625
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
Robert L. Schrader officer: VP/Controller 911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625
Stephanie L Schaeffer officer: Chief Legal Officer 911 PANORAMA TRAIL SOUTH, ROCHESTER NY 14625
Joseph Doody director CASELLA WASTE SYSTEMS INC, 25 GREENS HILL LANE PO BOX 866, RUTLAND VT 05701

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