ROSELAND, N.J., Nov. 12, 2013 (GLOBE NEWSWIRE) -- The board of directors of Automatic Data Processing, Inc. (Nasdaq:ADP) approved a 10% increase in the cash dividend to an annual rate of $1.92 per share, Carlos A. Rodriguez, chief executive officer, announced today.
The new quarterly dividend of 48 cents per share compares with the previous quarterly dividend rate of 43.5 cents per share. This increased quarterly dividend will be distributed on January 1, 2014 to shareholders of record at December 13, 2013.
The increased cash dividend marks the 39th consecutive year in which the company has raised its dividend.
With more than $11 billion in revenues and more than 60 years of experience, ADP® (NASDAQ: ADP) serves approximately 620,000 clients in more than 125 countries. As one of the world's largest providers of business outsourcing and Human Capital Management solutions, ADP offers a wide range of human resource, payroll, talent management, tax and benefits administration solutions from a single source, and helps clients comply with regulatory and legislative changes, such as the Affordable Care Act (ACA). ADP's easy-to-use solutions for employers provide superior value to companies of all types and sizes. ADP is also a leading provider of integrated computing solutions to auto, truck, motorcycle, marine, recreational vehicle, and heavy equipment dealers throughout the world. For more information about ADP or to contact a local ADP sales office, reach us at 1.800.225.5237 or visit the company's Web site at www.adp.com.
CONTACT: ADP Investor Relations, 973.974.5858Source:Automatic Data Processing, Inc.