Financial News Releases
Paychex Increases Quarterly Dividend and Authorizes $350 Million Stock Repurchase
July 7, 2016 — Paychex, Inc. today announced that its board of directors approved a $0.04 increase in the company’s regular quarterly dividend, an increase of 10 percent. The dividend will go from $0.42 per share to $0.46 per share and is payable on August 25, 2016 to shareholders of record on August 1, 2016.
Paychex also announced that its board authorized the purchase of up to $350 million of its common stock. The end date for the authorization is May 31, 2019. Click here for more information.
Paychex Reports Fourth Quarter 2016 Financial Results
June 30, 2016 — Paychex, Inc. today announced its results of operations for the three months ended May 31, 2016, as well as the full year ended May 31, 2016. Total service revenue increased 9% to $741.6 million for the fourth quarter and 8% to $2.9 billion for the fiscal year, compared to the respective periods last year. Net income and diluted earnings per share each increased 11% to $178.1 million and $0.49 per share, respectively, for the fourth quarter. For the fiscal year, net income increased 12% to $756.8 million and diluted earnings per share increased 13% to $2.09 per share. During the three months ended August 31, 2015, a net tax benefit was recorded for income derived in prior tax years that increased full year diluted earnings per share by approximately $0.05. Excluding this tax benefit, net income and diluted earnings per share would have increased 9% and 10%, respectively, for fiscal 2016. Click here for more information.
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