ADP increases dividend 12% to $1.40

The board of directors of ADP approved a 15c increase in the quarterly cash dividend to an annual rate of $5.60 per share. The increased cash dividend marks the 49th consecutive year in which ADP, a leading global technology company providing human capital management solutions, has raised its quarterly dividend. The new quarterly dividend rate of $1.40 per share will be distributed on January 1, 2024 to shareholders of record on December 8, 2023.