Paychex (PAYX) has released an update.
The Company has initiated a new stock repurchase program, approved by the Board on January 19, 2024, to buy back up to $400 million of its common stock by May 31, 2027. This is in addition to an existing repurchase program. Furthermore, the Company declared a quarterly dividend of $0.89 per share, to be paid on February 27, 2024, to shareholders on record as of February 13, 2024.
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