Paychex Dividend yield

Paychex is part of Support Services business, which is part of Industrials industry. Paychex is a company from USA, and his stocks are publicly traded.

Paychex stock dividend

Paychex paid a total dividend of 1,285 million USD last year, for a market value of 44,125 millions (Market Cap 39,318 millions). Paychex dividend per share is 3.56 USD, and his stock market price 122.23 USD.

According to the chart below, where dividend yield is displayed, Paychex has a dividend yield of 2.91%, lower than the amount offered by both the market average and companies from USA. It is also lower than average of Industrials industry. This low dividend yield might has several explanations: company overpriced, expanding their business,...

In addition, you should compare Paychex stocks dividend with other Support Services companies or other of the high USA dividend stocks list.

Paychex Dividend Payout

About the ability of Paychex to maintain his current dividend of USD 3.56 per share, an amount that accounts for 2.91%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Paychex payout on ernings is currently 79.82%, which is higher than the market average, and companies of Industrials industry, which are 39.34% and 37.26% respectively. Both figures show that Paychex can have problems to keep with his present dividend yield.

The payout on earnings should be complemented with the payout on cash flow since it is this last amount the one which can be distributed to shareholders. Cash flow per share of Paychex is USD 4.72 per share, which is higher than the dividend per share paid by the company of USD 3.56, so the company generates enough cash to maintain his dividend in the future.

The following figure shows payout ratios over earnings and cashflow of Paychex, compared againt world market average, USA companies, Industrials industry and Support Services sector companies.

Paychex Dividend History

Below you will find a table with the historical evolution of Paychex's dividend stock, both in percentage and in USD, its Payout on Earnings and the number of shares (in case there is an split, number shares altered the dividend per share).

Year	Yield	USD	Paypout	Shares*
Present	2.91%	3.56	79.82%	361
2022	2.73%	3.15	78.55%	361
2021	1.93%	2.63	81.42%	360
2020	2.66%	2.48	75.38%	359
2019	2.92%	2.48	81.58%	359
2018	3.44%	2.24	94.51%	359
2017	2.94%	2.00	86.21%	359
2016	3.12%	1.84	86.38%	364
2015	3.10%	1.68	88.42%	364

*In millions

Then you can see the evolution of Paychex dividend stock, and compare it with the average of USA stocks and that of the Support Services stocks.

Paychex Stock performance

Finally, last moth Paychex showed a return of -2.60% compared to a worldwide -2.49% average, and a -2.39% of Industrials firms. Over the last year, the company obtained a -0.90% versus a worldwide performance of a 8.71%. More detailed information can be seen in the following graph for USA and Support Services firms.