WXXI AM News

Paychex Raises Its Dividend

Jul 11, 2013

Paychex has raised its quarterly dividend by six percent. The locally-based payroll company has raised its dividend by two cents, to 35 cents a share. That is the largest increase Paychex says it has paid in its dividend since July of 2007.

CEO Marty Mucci says as they begin a new fiscal year, Paychex expects to see solid growth. He says that growth, along with the company's financial strength, enables them to invest in promising opportunities and also expand the returns they deliver to shareholders.

The new dividend is payable August 15th to shareholders of record as of August 1st.