Among other things, ADP helps businesses file their taxes. Photo: Flickr.com/PT Money
About ADP
ADP, Inc. is the world’s largest provider of human resources and business processing solutions. ADP employs over 60,000 people to serve nearly 620,000 businesses, including more than 400 Fortune 500 companies, and operates in 125 countries around the world.
The company is a member of the S&P 500 index and is traded under the ticker symbol ADP.
ADP’s Dividend and Stock Split History
ADP has grown its dividend each year since 1976 and became a Dividend Aristocrat in 2000. The company announces annual dividend increases in November, with the stock going ex-dividend in December.
ADP has compounded its payout at an average rate of 7.6% over the last 5 years and 9.4% over the last 10 years.
ADP split its stock six times; each was a 2 for 1 split. These 2 for 1 splits occurred in July 1976, May 1981, June 1986, April 1991, December 1995, and most recently in January 1999.
Direct Purchase and Dividend Reinvestment Plans
ADP has neither a direct stock purchase nor a dividend reinvestment plan. The easiest way for individual investors to purchase the stock is through their online broker, and most brokers can automatically reinvest dividends with either no fee or, at most, a minimal fee.
Helpful Links
Current quote and financial summary (links to finviz.com)