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Stock impact report

Paychex, Inc. (NASDAQ:PAYX) Is About To Go Ex-Dividend, And It Pays A 2.8% Yield [Yahoo! Finance]

Paychex, Inc. (PAYX) 
Last paychex, inc. earnings: 3/25 08:15 am Check Earnings Report
US:NASDAQ Investor Relations: investor.paychex.com
Company Research Source: Yahoo! Finance
NASDAQ:PAYX ) is about to trade ex-dividend in the next four days. The ex-dividend date is one business day before the record date, which is the cut-off date for shareholders to be present on the company's books to be eligible for a dividend payment. The ex-dividend date is important as the process of settlement involves two full business days. So if you miss that date, you would not show up on the company's books on the record date. Accordingly, Paychex investors that purchase the stock on or after the 7th of November will not receive the dividend, which will be paid on the 27th of November. The company's next dividend payment will be US$0.98 per share, on the back of last year when the company paid a total of US$3.92 to shareholders. Calculating the last year's worth of payments shows that Paychex has a trailing yield of 2.8% on the current share price of US$139.09. Dividends are an important source of income to many shareholders, but the health of the business is crucial to maint Show less Read more
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