Automatic Data Processing Increases Cash Dividend 10%; Marks 38th Consecutive Year of Dividend Increases
ROSELAND, N.J., Nov. 13, 2012 (GLOBE NEWSWIRE) -- The board of directors of Automatic Data Processing, Inc. (Nasdaq:ADP) approved a 10% increase in the cash dividend to an annual rate of $1.74 per share, Carlos A. Rodriguez, chief executive officer, announced today.
The new quarterly dividend of 43.5 cents per share compares with the previous quarterly dividend rate of 39.5 cents per share. This increased quarterly dividend will be distributed on January 1, 2013 to shareholders of record at December 14, 2012.
The increased cash dividend marks the 38th consecutive year in which the company has raised its dividend.
Automatic Data Processing, Inc. (Nasdaq:ADP), with more than $10 billion in revenues and approximately 600,000 clients, is one of the world's largest providers of business outsourcing solutions. Leveraging over 60 years of experience, ADP offers a wide range of human resource, payroll, tax and benefits administration solutions from a single source. ADP's easy-to-use solutions for employers provide superior value to companies of all types and sizes. ADP is also a leading provider of integrated computing solutions to auto, truck, motorcycle, marine, recreational vehicle, and heavy equipment dealers throughout the world. For more information about ADP or to contact a local ADP sales office, reach us at 1.800.225.5237 or visit the company's website at www.ADP.com.
CONTACT: ADP Investor Relations, 973.974.5858