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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