Paychex increases quaterly dividend 13% to 89c per share

Paychex announced that its board of directors approved a 10c increase in the company’s regular quarterly dividend, an increase of 13%. The dividend will increase from 79c per share to 89c per share and is payable May 25 to shareholders of record May 11. In FY23, ending on May 31, Paychex expects to return approximately $1.2B in dividends to shareholders.