Automatic Data Processing Dividend Increase

Image Source: On 6 November, Automatic Data Processing (ADP)  its quarterly dividend by 10%, from $1.40 to $1.54 per share.The dividend will be paid on 1 January 2025 to shareholders of record on 13 December 2024. The ex-dividend date is 13 December 2024.ADP’s contribution to DivGro’s projected annual dividend income will increase by $56 to $616.I own 100 shares of ADP at an average cost basis of $154.10 per share. Following this increase, my yield on cost is 4.00%. (ADP’s forward yield is 2.02% at $304.85 per share). Since I opened my ADP position in February 2020, the stock has produced total returns of 111%, including $1,966.30 in dividend income. That’s an outstanding annualized rate of return of 18.8%!ADP just became DivGro’s  stock when it doubled my original capital outlay. 5-Year History of Dividend Payouts by Ex-Date

2019 2020 2021 2022 2023 • 2024 $3.28 $3.66 $3.83 $4.37 $5.15 ⬆ $5.60^✝ 17.14% 11.59% 4.64% 14.10% 17.85% ⬇ 8.74% 5-year DGR: 12.96% ⬇ 11.29%

^✝projected, assuming no further changesMore By This Author:AbbVie Dividend IncreaseVisa Inc. Dividend IncreaseBrown & Brown Dividend Increase