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Paychex (FRA:PCX) Dividend Yield %

: 2.82% (As of Today)
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As of today (2024-04-16), the Trailing Annual Dividend Yield of Paychex is 2.82%.

Good Sign:

Paychex Inc stock dividend yield is close to 3-year high.

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

FRA:PCX' s Dividend Yield % Range Over the Past 10 Years
Min: 1.54   Med: 2.87   Max: 4.77
Current: 2.82

During the past 13 years, the highest Dividend Yield of Paychex was 4.77%. The lowest was 1.54%. And the median was 2.87%.

FRA:PCX's Dividend Yield % is ranked worse than
50.26% of 587 companies
in the Business Services industry
Industry Median: 2.88 vs FRA:PCX: 2.82

Paychex's Dividend Payout Ratio for the three months ended in Feb. 2024 was 0.65.

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 0.78, which seems too high.

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.

As of today (2024-04-16), the Forward Dividend Yield % of Paychex is 2.82%.

Paychex's Dividends per Share for the three months ended in Feb. 2024 was €0.83.

During the past 12 months, Paychex's average Dividends Per Share Growth Rate was 12.70% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 9.50% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 8.50% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 12.90% 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 17.55% per year.

The growth rate is calculated with least square regression.

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


Paychex Dividend Yield % Historical Data

The historical data trend for Paychex's Dividend Yield % 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 May14 May15 May16 May17 May18 May19 May20 May21 May22 May23
Dividend Yield %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.64 3.53 2.54 2.16 3.16

Paychex Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
Dividend Yield % 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 Premium Member Only Premium Member Only Premium Member Only 2.92 3.16 2.81 2.89 2.91

Competitive Comparison

For the Staffing & Employment Services subindustry, Paychex's Dividend Yield %, along with its competitors' market caps and Dividend Yield % 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 Dividend Yield % Distribution

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

* The bar in red indicates where Paychex's Dividend Yield % falls into.



Paychex Dividend Yield % Calculation

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 0.8902024-02-122024-02-132024-02-27Cash DividendquarterlyUSD:EUR 0.918000
USD 0.8902023-11-132023-11-142023-11-28Cash DividendquarterlyUSD:EUR 0.924000
USD 0.8902023-08-092023-08-102023-08-24Cash DividendquarterlyUSD:EUR 0.917000
USD 0.8902023-05-102023-05-112023-05-25Cash DividendquarterlyUSD:EUR 0.920000

* 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 Trailing Annual Dividend Yield (%) for Today is calculated as

Trailing Annual Dividend Yield=Most Recent Full Year Dividend/Current Share Price
=3.27431/116.36
=2.81 %

Current Share Price is €116.36.
Paychex's Dividends per Share for the trailing twelve months (TTM) ended in Today is €3.27431.

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

Forward Annual Dividend Yield=Forward Full Year Dividend/Current Share Price
=3.26808/116.36
=2.81 %

Current Share Price is €116.36.
Paychex's Dividends per Share for the forward twelve months is calculated as €0.81702 * 4 = €3.26808.

* 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  (FRA:PCX) Dividend Yield % Explanation

Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.

Dividends may also qualify a lower tax rate for investors.

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.

You can find the stocks that owned most by Gurus here. Or you can check out Warren Buffett's highest dividend stocks here.


Paychex Dividend Yield % Related Terms

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


Paychex (FRA:PCX) 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.