ADP Just Raised Its Dividend 10% for the 50th Year in a Row

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Automatic Data Processing (NASDAQ:ADP) has increased its quarterly dividend by 10% to $1.70 per share, marking its 50th consecutive year of dividend increases, qualifying it as a Dividend King. This consistent growth, coupled with a recession-resistant business model and a healthy free cash flow payout ratio of 50.3%, positions ADP as a reliable option for income-focused investors and retirees seeking steady dividend income with purchasing power protection. The company’s annual dividend has grown by over 2,100% since 1999, demonstrating strong long-term compounding.

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