Automatic Data Processing Stock To Go Ex-dividend Tomorrow (ADP)
The ex-dividend date for Automatic Data Processing (Nasdaq:ADP) is tomorrow, December 7, 2011. Owners of shares as of market close today will be eligible for a dividend of 40 cents per share. At a price of $52.08 as of 9:30 a.m., the dividend yield is 3.1%.
NEW YORK ( TheStreet) -- The ex-dividend date for Automatic Data Processing (Nasdaq: ADP) is tomorrow, December 7, 2011. Owners of shares as of market close today will be eligible for a dividend of 40 cents per share. At a price of $52.08 as of 9:30 a.m. ET, the dividend yield is 3.1%. The average volume for Automatic Data Processing has been 3.2 million shares per day over the past 30 days. Automatic Data Processing has a market cap of $25.07 billion and is part of the technology sector and computer software & services industry. Shares are up 12.6% year to date as of the close of trading on Monday. Automatic Data Processing, Inc. provides business outsourcing solutions. The company operates in three segments: Employer Services, Professional Employer Organization (PEO) Services, and Dealer Services. The company has a P/E ratio of 20, equal to the average computer software & services industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Automatic Data Processing as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, good cash flow from operations, solid stock price performance and largely solid financial position with reasonable debt levels by most measures. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Automatic Data Processing Ratings Report. See our dividend calendar or top-yielding stocks list.