The board of directors of ADP (No. 17 on the DiversityInc Top 50 Companies list), approved a$0.06increase in the quarterly cash dividend to an annual rate of$2.52per share,Carlos Rodriguez, ADP’s president and chief executive officer, announced Nov. 7. The increased cash dividend marks the 43rdconsecutive year in which ADP,a leading global provider ofHuman Capital Management(HCM) solutions, has raised its quarterly dividend.
“Throughout ADP’s long and successful history, we have been committed to our shareholder friendly actions. There is no better evidence of our commitment to our shareholders than our 43-year track record of increasing dividends,” saidJohn Jones, chairman of ADP’s board of directors. “This year’s 10.5% increase in our quarterly dividend is a strong signal of the board’s confidence in ADP’s future,” saidCarlos Rodriguez.
The new quarterly dividend rate of$0.63per share compares with the previous quarterly dividend rate of$0.57per share. This increased quarterly dividend will be distributed onJanuary 1, 2018to shareholders of record atDecember 8, 2017.
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