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Automatic Data raises cash dividend by a penny
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ROSELAND, N.J. - Automatic Data Processing Inc. said Tuesday it will raise its quarterly cash dividend a penny, to 34 cents per share.
The dividend will be distributed Jan. 1 to shareholders of record on Dec. 11.
Automatic Data sells payroll, tax and benefits products to businesses.
The shares rose 11 cents to $43.06 in afternoon trading.
Copyright 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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