Paychex (NAS:PAYX) Dividend Payout Ratio

: 0.61 (As of Feb. 2023)

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Paychex's dividend payout ratio for the months ended in Feb. 2023 was 0.61.

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.

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: 0.42 Med: 0.81 Max: 0.83
Current: 0.76

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.

PAYX's Dividend Payout Ratio is ranked worse than
80.2% of 490 companies
in the Business Services industry
Industry Median: 0.37 vs PAYX: 0.76

As of today (2023-05-29), the Dividend Yield % of Paychex is 3.01%.

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 Feb. 2023 was $0.79.

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.

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.

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 Annual Data

Trend

May13

May14

May15

May16

May17

May18

May19

May20

May21

May22

Dividend Payout Ratio

0.75

0.80

0.82

0.83

0.72

Paychex Quarterly Data
	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23
Dividend Payout Ratio																0.56	0.96	0.75	0.80	0.61

Competitive Comparison

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.

Annual Data Quarterly Data

Paychex Dividend Payout Ratio Distribution

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 in comparison to its industry or sector. The grey bar indicates the Dividend Payout Ratio's extreme value range as defined by GuruFocus.

Paychex Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

Paychex's Dividend Payout Ratio for the fiscal year that ended in May. 2022 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: May. 2022 )	/	EPS without NRI (A: May. 2022 )
	=	2.77	/	3.84
	=	0.72

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

Paychex (NAS:PAYX) Dividend Payout Ratio Explanation

In dividends investing, 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 (NAS:PAYX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Paychex Inc (NAS:PAYX) » Definitions » Dividend Payout Ratio

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