Automatic Data Processing, Inc. (NASDAQ:ADP) Updates On Quarterly Dividend


As per Automatic Data Processing, Inc. (NASDAQ:ADP) statement on 2016-08-03, the shareholders would receive dividend for the gone quarter. The company confirmed that it will disburse $0.53 per share as dividend to stakeholders. The record date is set as 2016-09-09, the payout date as 2016-10-01 and the ex-dividend date is 2016-09-07.

Last fiscal Automatic Data Processing, Inc. (NASDAQ:ADP) disbursed cash dividend of $0.53. A year ago, the payout was $0.53, which indicates a difference of -82.8736%. The past track record of five years substantiates that the average payout as given by the firm stands at $0.53, implying 7.9332% growth.

For the period ended on 2016-06-30, Automatic Data Processing, Inc. (NASDAQ:ADP)’s earnings came at $0.69 per share compared to EPS of $0.68 a year ago. This quarter the firm can post earnings for quarter ending 2016-09-30 on or around 2016-10-26. For this quarter, the analysts have earnings estimate of $0.77 per share.

The interim price target for Automatic Data Processing, Inc. (NASDAQ:ADP) is set at $89.75. This level is the mean price reached by averaging the stock views of 8 analysts. All these are top brokerages of Wall Street and trail the company’s performance regularly. The best price estimate for Automatic Data Processing, Inc. (NASDAQ:ADP) is seen at $110 and the lowest level is established at $70. This broad range highlights a standard deviation of $13.133 in reported estimates.

Shares of the Automatic Data Processing, Inc. (NASDAQ:ADP) traded in the range of $90.01 to $90.4 and closed the last trading session at $90.13 on a volume of ((Volume:238}}.

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