Automatic Data Processing Raises Quarterly Dividend by 11.8%

By Colin Kellaher

Automatic Data Processing Inc. on Wednesday said its board raised the quarterly dividend by 11.8%, to $1.04, from 93 cents.

The new payout, equal to $4.16 a year, represents an annual yield of about 1.82% based on Tuesday's closing price of $229.20, up from 1.62%.

The Roseland, N.J., payroll processor said the increased dividend is payable Jan. 1 to shareholders of record Dec. 10.

Write to Colin Kellaher at [e-mail]

(END) Dow Jones Newswires

11-10-21 0854ET