Paychex Inc. (PAYX) Dividends
Dividend Yield and Dividend History Highlights
- Over the past 6 years of historical data, PAYX has returned more capital to shareholders through its dividend issuances than 88.37% of other dividend-paying US stocks.
- Regarding free cash flow variation: PAYX reports less variability in its cash flow than 96.59% of dividend stocks in our set.
- In terms trailing twelve months of dividends issued, PAYX has returned $893,100,000 US dollars -- more than 87.23% of public US dividend stocks.
- To help you reduce price risk in your dividend portfolio, here are the dividend stocks that are least correlated with PAYX's price: SHSP, ZYXI, CAAS, BWL.A and UL.
PAYX Price Forecast Based on Dividend Discount Model
| Current Price | DDM Fair Value Target: | Forecasted Gain: |
| $139.54 | $85.75 | -31.61% |
The Dividend Discount Model (DDM) is a valuation model that attempts to determine a fair share price for a stock, based on the dividend it provides in comparison to several company-specific metrics indicative of the riskiness of the stock and the financial health of the company. Regarding Paychex Inc, the DDM model, as implemented by StockNews, implies a negative return of 31.61% relative to its current price. Digging deeper, the aspects of Paychex Inc's dividend discount model that we found most interesting were:
- As for its position relative to other Industrials stocks that issue dividends, PAYX provides shareholders with a dividend yield greater than 73.04% such stocks.
- In comparison to other US listed dividend yielding stocks in the Industrials sector, Paychex Inc's expected return of -31.61% is higher than 62.17% of its fellow sector mates.
- Compared to all dividend issuing stocks in our set, PAYX has a discount rate lower than 62.17% of them (a lower discount rate is associated with lower risk).
- Beta tells us how volatile a stock's price is relative to the broader equity index; for Paychex Inc, its beta is lower than 31.07% of dividend issuing stocks we observed.
PAYX Dividend History
| Ex-Dividend Date | Type | Payout Amount | Change |
|---|---|---|---|
| 2024-11-07 | Dividend | $0.98 | -- |
| 2024-08-08 | Dividend | $0.98 | -- |
| 2024-05-09 | Dividend | $0.98 | +10.11% |
| 2024-02-12 | Dividend | $0.89 | -- |
| 2023-11-13 | Dividend | $0.89 | -- |
| 2023-08-09 | Dividend | $0.89 | -- |
| 2023-05-10 | Dividend | $0.89 | +12.66% |
| 2023-02-08 | Dividend | $0.79 | -- |
| 2022-11-08 | Dividend | $0.79 | -- |
| 2022-08-10 | Dividend | $0.79 | -- |
| 2022-05-11 | Dividend | $0.79 | +19.70% |
| 2022-01-28 | Dividend | $0.66 | -- |
| 2021-10-29 | Dividend | $0.66 | -- |
| 2021-07-30 | Dividend | $0.66 | -- |
| 2021-05-11 | Dividend | $0.66 | +6.45% |
| 2021-01-29 | Dividend | $0.62 | -- |
| 2020-10-30 | Dividend | $0.62 | -- |
| 2020-07-31 | Dividend | $0.62 | -- |
| 2020-05-14 | Dividend | $0.62 | -- |
| 2020-01-31 | Dividend | $0.62 | -- |
| 2019-10-31 | Dividend | $0.62 | -- |
| 2019-07-31 | Dividend | $0.62 | -- |
| 2019-05-14 | Dividend | $0.62 | +10.71% |
| 2019-01-31 | Dividend | $0.56 | -- |
| 2018-10-31 | Dividend | $0.56 | -- |
| 2018-07-31 | Dividend | $0.56 | -- |
| 2018-05-08 | Dividend | $0.56 | +12.00% |
| 2018-01-31 | Dividend | $0.50 | -- |
| 2017-07-28 | Dividend | $0.50 | +8.70% |
| 2017-05-08 | Dividend | $0.46 | -- |
| 2017-01-30 | Dividend | $0.46 | -- |
| 2016-10-28 | Dividend | $0.46 | -- |
| 2016-07-28 | Dividend | $0.46 | +9.52% |
| 2016-05-05 | Dividend | $0.42 | -- |
| 2016-01-28 | Dividend | $0.42 | -- |
| 2015-10-29 | Dividend | $0.42 | -- |
| 2015-07-30 | Dividend | $0.42 | +10.53% |
| 2015-05-07 | Dividend | $0.38 | -- |
| 2015-01-29 | Dividend | $0.38 | -- |
| 2014-10-30 | Dividend | $0.38 | -- |
| 2014-07-30 | Dividend | $0.38 | +8.57% |
| 2014-05-08 | Dividend | $0.35 | -- |
| 2014-01-30 | Dividend | $0.35 | -- |
| 2013-10-30 | Dividend | $0.35 | -- |
| 2013-07-30 | Dividend | $0.35 | -46.97% |
| 2012-12-18 | Dividend | $0.66 | +100.00% |
| 2012-10-31 | Dividend | $0.33 | +3.13% |
| 2012-07-30 | Dividend | $0.32 | -- |
| 2012-05-04 | Dividend | $0.32 | -- |
| 2012-01-30 | Dividend | $0.32 | -- |
| 2011-10-28 | Dividend | $0.32 | +3.23% |
| 2011-07-28 | Dividend | $0.31 | -- |
| 2011-04-28 | Dividend | $0.31 | -- |
| 2011-01-28 | Dividend | $0.31 | -- |
| 2010-10-28 | Dividend | $0.31 | -- |
| 2010-07-29 | Dividend | $0.31 | -- |
| 2010-04-29 | Dividend | $0.31 | -- |
| 2010-01-28 | Dividend | $0.31 | -- |
| 2009-10-29 | Dividend | $0.31 | -- |
| 2009-07-30 | Dividend | $0.31 | -- |
| 2009-04-29 | Dividend | $0.31 | -- |
| 2009-01-28 | Dividend | $0.31 | -- |
| 2008-10-29 | Dividend | $0.31 | -- |
| 2008-07-30 | Dividend | $0.31 | +3.33% |
| 2008-04-29 | Dividend | $0.30 | -- |
| 2008-01-30 | Dividend | $0.30 | -- |
| 2007-10-30 | Dividend | $0.30 | -- |
| 2007-07-30 | Dividend | $0.30 | +42.86% |
| 2007-04-27 | Dividend | $0.21 | -- |
| 2007-01-30 | Dividend | $0.21 | -- |
| 2006-10-30 | Dividend | $0.21 | +31.25% |
| 2006-07-28 | Dividend | $0.16 | -- |
| 2006-04-27 | Dividend | $0.16 | -- |
| 2006-01-30 | Dividend | $0.16 | -- |
| 2005-10-28 | Dividend | $0.16 | +23.08% |
| 2005-07-28 | Dividend | $0.13 | -- |
| 2005-04-28 | Dividend | $0.13 | -- |
| 2005-01-28 | Dividend | $0.13 | -- |
| 2004-10-28 | Dividend | $0.13 | +8.33% |
| 2004-07-29 | Dividend | $0.12 | -- |
| 2004-04-29 | Dividend | $0.12 | -- |
| 2004-01-29 | Dividend | $0.12 | -- |
| 2003-10-30 | Dividend | $0.12 | +9.09% |
| 2003-07-30 | Dividend | $0.11 | -- |
| 2003-04-29 | Dividend | $0.11 | -- |
| 2003-01-30 | Dividend | $0.11 | -- |
| 2002-10-30 | Dividend | $0.11 | -- |
| 2002-07-30 | Dividend | $0.11 | -- |
| 2002-04-29 | Dividend | $0.11 | -- |
| 2002-01-30 | Dividend | $0.11 | -- |
| 2001-10-30 | Dividend | $0.11 | +22.22% |
| 2001-07-30 | Dividend | $0.09 | -- |
| 2001-04-27 | Dividend | $0.09 | -- |
| 2001-01-30 | Dividend | $0.09 | -- |
| 2000-10-30 | Dividend | $0.09 | +50.00% |
| 2000-07-28 | Dividend | $0.06 | +100.00% |
| 2000-05-23 | Split | 3-2-for-1 Stock Split | N/A |
| 2000-04-27 | Dividend | $0.09 | -- |
| 2000-01-28 | Dividend | $0.09 | -- |
| 1999-10-28 | Dividend | $0.09 | +50.00% |
| 1999-07-29 | Dividend | $0.06 | +100.00% |
| 1999-05-24 | Split | 3-2-for-1 Stock Split | N/A |
| 1999-04-29 | Dividend | $0.09 | -- |
| 1999-01-28 | Dividend | $0.09 | -- |
| 1998-10-29 | Dividend | $0.09 | +50.00% |
| 1998-07-30 | Dividend | $0.06 | +100.00% |
| 1998-05-26 | Split | 3-2-for-1 Stock Split | N/A |
| 1998-04-29 | Dividend | $0.09 | -- |
| 1998-01-29 | Dividend | $0.09 | -- |
| 1997-10-23 | Dividend | $0.09 | +50.00% |
| 1997-07-29 | Dividend | $0.06 | +100.00% |
| 1997-05-30 | Split | 3-2-for-1 Stock Split | N/A |
| 1997-04-29 | Dividend | $0.09 | -- |
| 1997-01-28 | Dividend | $0.09 | -- |
| 1996-10-24 | Dividend | $0.09 | +50.00% |
| 1996-07-30 | Dividend | $0.06 | +100.00% |
| 1996-05-24 | Split | 3-2-for-1 Stock Split | N/A |
| 1996-04-23 | Dividend | $0.09 | -- |
| 1996-01-30 | Dividend | $0.09 | -- |
| 1995-10-25 | Dividend | $0.09 | +50.00% |
| 1995-07-31 | Dividend | $0.06 | -33.33% |
| 1995-04-21 | Dividend | $0.09 | -- |
| 1995-01-26 | Dividend | $0.09 | -- |
| 1994-10-24 | Dividend | $0.09 | +50.00% |
| 1994-07-27 | Dividend | $0.06 | -- |
| 1994-04-25 | Dividend | $0.06 | -- |
| 1994-01-26 | Dividend | $0.06 | -- |
| 1993-10-22 | Dividend | $0.06 | -- |
| 1993-07-20 | Dividend | $0.06 | -- |
| 1993-04-23 | Dividend | $0.06 | -- |
| 1993-01-22 | Dividend | $0.06 | -- |
| 1992-10-19 | Dividend | $0.06 | +50.00% |
| 1992-07-21 | Dividend | $0.04 | -33.33% |
| 1992-04-16 | Dividend | $0.06 | -- |
| 1992-01-29 | Dividend | $0.06 | -- |
| 1991-10-21 | Dividend | $0.06 | +20.00% |
| 1991-07-22 | Dividend | $0.05 | -- |
| 1991-04-22 | Dividend | $0.05 | -- |
| 1991-01-25 | Dividend | $0.05 | -- |
| 1990-10-22 | Dividend | $0.05 | +25.00% |
| 1990-07-23 | Dividend | $0.04 | -- |
| 1990-04-23 | Dividend | $0.04 | -- |
| 1990-01-30 | Dividend | $0.04 | -- |
| 1989-10-23 | Dividend | $0.04 | +33.33% |
| 1989-07-24 | Dividend | $0.03 | -- |
| 1989-04-24 | Dividend | $0.03 | -- |
| 1989-01-24 | Dividend | $0.03 | -- |
| 1988-11-04 | Dividend | $0.03 | -- |
PAYX Dividends vs. Peers
PAYX's dividend yield currently ranks #52 of 77 vs. its peers in the Outsourcing - Business Services category.
Looking for More Information on PAYX dividends?
Want to do more research on Paychex Inc's dividends? Try the links below:Paychex Inc Common Stock (PAYX) Dividend History | Nasdaq
Dividend History for Paychex Inc (PAYX) - Dividend Investor
Paychex Inc (PAYX) Dividend History - Seeking Alpha