Paychex

Dividends on Paychex (PAYX) stocks are a part of the profit that shareholders receive from the company. In order to pay dividends to shareholders and investors, the company must receive a net profit, for further distriburing among shareholders or have free cash flow.

Besides, in order to pay you dividends, it is necessary that the Board of Directors recommends dividends and the closing date of the register. Then at the shareholders' meeting the amount of Paychex dividends and the date is approved by shareholders.

For receiving Paychex’s dividends it’s necessary to buy the stocks of the company (PAYX) no more than 2 days before the closing of the register on 10.05.2024, since stock exchange trading takes place in the T+2 mode. Thus, the last date when you need to buy stocks to receive Paychex dividends will be 08.05.2024

For dividends you can track the date of the last day for purchasing Paychex stocks (PAYX) in Dividend Calendar.

To receive Paychex (PAYX) dividends, you must own stocks on the date of preparing the list of persons entitled to receive dividend or the so-called register date.

The register is a list of Paychex shareholders (PAYX) with information on the number of stocks owned by the investor. Due to the fact that someone is constantly buying and selling company’s stocks on the stock exchange, it is necessary to fix the date of the register.

The closing date of the register for Paychex (PAYX) dividends was set for 10.05.2024.

Due to the T+2 trading mode, for receiving Paychex’s dividends you must buy the stocks within at least two working days before the date, so that the last day to buy Paychex stocks is to be 08.05.2024.

See the event caledar and the dividend calendar, as well as upcoming Paychex events in order not to miss the dividends.

As a rule, investors receive dividends to a brokerage or bank account within the next 25 working days after the record date – 10.05.2024 at latest! Thus, Paychex’s dividends should arrive no later than 0.98sDate.

Remember that after the cut-off date, Paychex’s stocks usually decrease by the amount of the dividend paid per share. When the company is doing well and the market is positive, Paychex’s dividend gap may be less than the dividend.

By the law, Paychex is obliged to pay within the next 25 working days from the date of the 10.05.2024. Thus, the deadline for dividend payment on Paychex stocks can be considered as 0.98sDate, but the company usually pays earlier than 25 working days.

For receiving Paychex’s dividends, it is enough to buy or to own 1 share. If you buy 100 Paychex’s stocks, you will receive dividends in the amount of 98 $ for it. Last time, the board of directors recommended to pay 0.98 $ per share.

According to the last recommendations of Paychex’s board of directors, you will receive 0.98 $ as dividend payment.

The history of Paychex’s dividend payment is reflected in the Paychex’s card in the tab Dividends.

The dividend yield of Paychex’s stocks is the ratio of the dividend amount per share to the current market price, and is expressed as a percentage. Thus, the recommended dividend is 0.98 $, that means that your current dividend yield on Paychex’s stocks is 0.81%.

It is important to remember that a high dividend yield is not a reason to buy Paychex stocks! Therefore, before making an investment decision, we recommend to analyze the dynamics of financial indicators and Paychex’s multipliers. You should also compare rivals, as you may find a much more profitable investment idea.

Lately Paychex has been paying dividends 5 time a year. See the history of Paychex’s dividends in order to check and verify the frequency of dividend payments as Paychex’s dividend policy may change or the company may pay special dividends. The more often a company pays dividends, the more stable the investor's cash flow is.

All information and dividend data for Paychex stocks you may see on a given page above.