Paychex (PAYX) Dividend History & Yield
Paychex (PAYX) has increased its dividend for 13 consecutive years and currently yields 4.71%. The most recent payment was $1.0800/share on Jan 28, 2026, paid Quarterly.
PAYX
Current Yield
4.71%
TTM Dividend/Share
$4.32
Payment Frequency
Quarterly
Payout Ratio
87.4%
Consecutive Growth Years
13
Div Growth (1Y CAGR)
10.18%
Div Growth (5Y CAGR)
11.22%
Div Growth (10Y CAGR)
10.18%
Dividend Safety Score
4 out of 5 checks passed
Payout ratio below 75%
Payout ratio is 87.4%, above the 75% threshold.
Free cash flow covers dividend
FCF/share ($4.88) covers dividend/share ($4.32).
No dividend cuts in 10+ years
No dividend cuts in the last 10 years.
Positive earnings growth trend
Earnings per share have grown over the past 5 years.
10+ years of consecutive growth
13 consecutive years of dividend growth.
Dividend Payment History
Yield values are for each row's ex-date, not today's live yield.
Ex-date Jan 28, 2026
- Payment date
- Feb 27, 2026
- Dividend
- $1.0800
- Adj. dividend
- $1.0800
- Yield (ex-date)
- 4.22%
Ex-date Nov 7, 2025
- Payment date
- Nov 26, 2025
- Dividend
- $1.0800
- Adj. dividend
- $1.0800
- Yield (ex-date)
- 3.77%
Ex-date Jul 21, 2025
- Payment date
- Aug 29, 2025
- Dividend
- $1.0800
- Adj. dividend
- $1.0800
- Yield (ex-date)
- 2.89%
Ex-date May 12, 2025
- Payment date
- May 29, 2025
- Dividend
- $1.0800
- Adj. dividend
- $1.0800
- Yield (ex-date)
- 2.65%
Ex-date Feb 7, 2025
- Payment date
- Feb 27, 2025
- Dividend
- $0.9800
- Adj. dividend
- $0.9800
- Yield (ex-date)
- 2.67%
Ex-date Nov 7, 2024
- Payment date
- Nov 27, 2024
- Dividend
- $0.9800
- Adj. dividend
- $0.9800
- Yield (ex-date)
- 2.61%
Ex-date Aug 8, 2024
- Payment date
- Aug 29, 2024
- Dividend
- $0.9800
- Adj. dividend
- $0.9800
- Yield (ex-date)
- 3.01%
Ex-date May 9, 2024
- Payment date
- May 30, 2024
- Dividend
- $0.9800
- Adj. dividend
- $0.9800
- Yield (ex-date)
- 3.01%
Ex-date Feb 12, 2024
- Payment date
- Feb 27, 2024
- Dividend
- $0.8900
- Adj. dividend
- $0.8900
- Yield (ex-date)
- 2.92%
Ex-date Nov 13, 2023
- Payment date
- Nov 28, 2023
- Dividend
- $0.8900
- Adj. dividend
- $0.8900
- Yield (ex-date)
- 3.02%
Ex-date Aug 9, 2023
- Payment date
- Aug 24, 2023
- Dividend
- $0.8900
- Adj. dividend
- $0.8900
- Yield (ex-date)
- 2.71%
Ex-date May 10, 2023
- Payment date
- May 25, 2023
- Dividend
- $0.8900
- Adj. dividend
- $0.8900
- Yield (ex-date)
- 3.00%
| Ex-Date | Payment Date | Dividend | Adj. Dividend | Yield (ex-date) |
|---|---|---|---|---|
| Jan 28, 2026 | Feb 27, 2026 | $1.0800 | $1.0800 | 4.22% |
| Nov 7, 2025 | Nov 26, 2025 | $1.0800 | $1.0800 | 3.77% |
| Jul 21, 2025 | Aug 29, 2025 | $1.0800 | $1.0800 | 2.89% |
| May 12, 2025 | May 29, 2025 | $1.0800 | $1.0800 | 2.65% |
| Feb 7, 2025 | Feb 27, 2025 | $0.9800 | $0.9800 | 2.67% |
| Nov 7, 2024 | Nov 27, 2024 | $0.9800 | $0.9800 | 2.61% |
| Aug 8, 2024 | Aug 29, 2024 | $0.9800 | $0.9800 | 3.01% |
| May 9, 2024 | May 30, 2024 | $0.9800 | $0.9800 | 3.01% |
| Feb 12, 2024 | Feb 27, 2024 | $0.8900 | $0.8900 | 2.92% |
| Nov 13, 2023 | Nov 28, 2023 | $0.8900 | $0.8900 | 3.02% |
| Aug 9, 2023 | Aug 24, 2023 | $0.8900 | $0.8900 | 2.71% |
| May 10, 2023 | May 25, 2023 | $0.8900 | $0.8900 | 3.00% |
Historical Dividend Yield
Dividend Growth
Dividend Increase Track Record
Paychex has raised its total annual dividend (split-adjusted, by ex-dividend calendar year) versus the prior year for 13 consecutive years — the same figure as the "Consecutive Growth Years" card above.
| Year | Previous DPS | New DPS | Change |
|---|---|---|---|
| 2026 | $4.2200 | — | — |
| 2025 | $3.8300 | $4.2200 | +10.2% |
| 2024 | $3.4600 | $3.8300 | +10.7% |
| 2023 | $3.0300 | $3.4600 | +14.2% |
| 2022 | $2.6000 | $3.0300 | +16.5% |
| 2021 | $2.4800 | $2.6000 | +4.8% |
| 2020 | $2.4200 | $2.4800 | +2.5% |
| 2019 | $2.1800 | $2.4200 | +11.0% |
| 2018 | $1.9200 | $2.1800 | +13.5% |
| 2017 | $1.7600 | $1.9200 | +9.1% |
| 2016 | $1.6000 | $1.7600 | +10.0% |
| 2015 | $1.4600 | $1.6000 | +9.6% |
| 2014 | $0.7000 | $1.4600 | +108.6% |
| 2013 | $1.9500 | $0.7000 | -64.1% |
| 2012 | $1.2500 | $1.9500 | +56.0% |
| 2011 | $1.2400 | $1.2500 | +0.8% |
| 2010 | $1.2400 | $1.2400 | 0.0% |
| 2009 | $1.2200 | $1.2400 | +1.6% |
| 2008 | $1.0200 | $1.2200 | +19.6% |
| 2007 | $0.6900 | $1.0200 | +47.8% |
| 2006 | $0.5500 | $0.6900 | +25.5% |
| 2005 | $0.4900 | $0.5500 | +12.2% |
| 2004 | $0.4500 | $0.4900 | +8.9% |
| 2003 | $0.4400 | $0.4500 | +2.3% |
| 2002 | $0.3800 | $0.4400 | +15.8% |
| 2001 | $0.2700 | $0.3800 | +40.7% |
| 2000 | $0.1800 | $0.2700 | +50.0% |
| 1999 | $0.1200 | $0.1800 | +50.0% |
| 1998 | $0.0800 | $0.1200 | +50.0% |
| 1997 | $0.0533 | $0.0800 | +50.0% |
| 1996 | $0.0356 | $0.0533 | +50.0% |
| 1995 | $0.0237 | $0.0356 | +50.0% |
| 1994 | $0.0158 | $0.0237 | +50.0% |
| 1993 | $0.0105 | $0.0158 | +50.0% |
| 1992 | $0.0082 | $0.0105 | +28.6% |
| 1991 | $0.0066 | $0.0082 | +23.5% |
| 1990 | $0.0051 | $0.0066 | +30.7% |
| 1989 | — | $0.0051 | — |
DPS sums split-adjusted amounts (adj. dividend) by ex-dividend calendar year—the same basis as the Adj. Dividend column in Dividend Payment History. The Dividend column can differ after stock splits. This table uses four decimals per annual total so the Change column matches the shown amounts; each payment row in Dividend Payment History also uses four.
Frequently asked questions
Does Paychex pay dividends?
- Yes, Paychex (PAYX) pays quarterly dividends of approximately $4.32 per share annually, yielding 4.71%.
What is Paychex's dividend yield?
- Paychex (PAYX) has a current dividend yield of 4.71%.
Is Paychex's dividend safe?
- Paychex (PAYX) passes 4 out of 5 dividend safety checks. See the detailed breakdown above for each criterion.
How many consecutive years has Paychex increased its dividend?
- Paychex (PAYX) has 13 consecutive years of dividend increases.
What is Paychex's dividend payout ratio?
- Paychex (PAYX) has a dividend payout ratio of 87.4%.
Explore more
PAYX — Overview
Company profile, financial tools, and key metrics
PAYX — Dividend Calculator
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PAYX — Dividend Forecast
Project future income with DRIP and growth rates
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