|
Subsequent Event
|
6 Months Ended |
|---|---|
|
Nov. 30, 2012
|
|
| Subsequent Event [Abstract] | |
| Subsequent Events |
Subsequent Event
On December 10, 2012, the Board declared an accelerated dividend of $0.66 per share of common stock. The accelerated dividend is intended by the Board to be in lieu of quarterly dividends Paychex would otherwise have declared in the third and fourth quarters of fiscal 2013, and paid in February and May 2013.The accelerated dividend is payable December 28, 2012 to shareholders of record December 20, 2012.
|
| X | ||||||||||
|
- Details
|
| X | ||||||||||
|
- Definition
The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. No definition available.
|