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Wednesday, November 8, 2023

ADP Dividend Increase

ADP ($ADP) announced its next dividend of $1.40 per share, a 12.0% increase over the company's previous payout of $1.25.

DivGro's annual dividend income will increase by $60.00 as a result.

The dividend is payable on 1 January 2024 to shareholders of record at the close of business on 8 December 2023, with an ex-dividend date of 7 December 2023.

I own 100 shares of ADP at an average cost basis of $154.10 per share. Following this increase, my yield on cost is 3.63%. In comparison, ADP's forward yield is 2.48% at $226.00 per share. 

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