Paychex, Inc. (NASDAQ:PAYX) Is About To Go Ex-Dividend, And It Pays A 4.6% Yield

Paychex, Inc. (NASDAQ:PAYX) is set to go ex-dividend soon, offering a 4.6% yield based on its last dividend payment of US$1.19 per share. While the company’s dividend payout ratio of 95% of profits is high, it is covered by 74% of free cash flow, and earnings per share have grown by 8.3% annually over the last five years. Investors should consider these factors and potential risks, although the company has a history of increasing its dividends.

PAYX2.94%
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