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Paychex Dividend Yield %

: 3.16% (As of Today)
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As of today (2020-09-23), the Trailing Annual Dividend Yield of Paychex is 3.16%.

NAS:PAYX' s Dividend Yield % Range Over the Past 10 Years
Min: 1.54   Med: 3.17   Max: 4.97
Current: 3.16

1.54
4.97

During the past 13 years, the highest Dividend Yield of Paychex was 4.97%. The lowest was 1.54%. And the median was 3.17%.

NAS:PAYX's Dividend Yield % is ranked higher than
64% of the 498 Companies
in the Business Services industry.

( Industry Median: 2.50 vs. NAS:PAYX: 3.16 )

Paychex's Dividend Payout Ratio for the three months ended in May. 2020 was 1.02.

Warning Sign:

If a company dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Paychex Inc is 0.82, which seems too high.

During the past 13 years, the highest Dividend Payout Ratio of Paychex was 0.87. The lowest was 0.42. And the median was 0.81.

As of today (2020-09-23), the Forward Dividend Yield % of Paychex is 3.16%.

Paychex's Dividends per Share for the three months ended in May. 2020 was USD0.62.

During the past 12 months, Paychex's average Dividends Per Share Growth Rate was 7.80% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 10.50% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 10.50% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 9.20% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Paychex was 95.00% per year. The lowest was -19.40% per year. And the median was 26.00% 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

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Paychex Annual Data
May11 May12 May13 May14 May15 May16 May17 May18 May19 May20
Dividend Yield % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.10 3.11 3.14 2.68 3.43

Paychex Quarterly Data
Aug15 Nov15 Feb16 May16 Aug16 Nov16 Feb17 May17 Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20
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 2.68 2.89 2.81 3.20 3.43

Competitive Comparison
* 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.


Paychex Dividend Yield % Distribution

* 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 0.6202020-07-312020-08-032020-08-27Cash DividendquarterlyUSD:USD 1.0000
USD 0.6202020-05-142020-05-152020-05-28Cash DividendquarterlyUSD:USD 1.0000
USD 0.6202020-01-312020-02-032020-02-20Cash DividendquarterlyUSD:USD 1.0000
USD 0.6202019-10-312019-11-012019-11-21Cash DividendquarterlyUSD:USD 1.0000

* 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
=2.48/77.60
=3.20 %

Current Share Price is USD77.60.
Paychex's Dividends per Share for the trailing twelve months (TTM) ended in Today is USD2.48.

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

Forward Annual Dividend Yield=Forward Full Year Dividend/Current Share Price
=2.48/77.60
=3.20 %

Current Share Price is USD77.60.
Paychex's Dividends per Share for the forward twelve months is calculated as USD0.62 * 4 = USD2.48.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Paychex  (NAS:PAYX) 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


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