Automatic Data Processing Stock To Go Ex-dividend Tomorrow (ADP)

NEW YORK ( TheStreet) -- The ex-dividend date for Automatic Data Processing (Nasdaq: ADP) is tomorrow, March 7, 2012. Owners of shares as of market close today will be eligible for a dividend of 40 cents per share. At a price of $54.24 as of 9:30 a.m. ET, the dividend yield is 2.9%.

The average volume for Automatic Data Processing has been 2.4 million shares per day over the past 30 days. Automatic Data Processing has a market cap of $27.72 billion and is part of the technology sector and computer software & services industry. Shares are up 0.9% 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 20.1, below the average computer software & services industry P/E ratio of 22.1 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, increase in net income, solid stock price performance and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full Automatic Data Processing Ratings Report.

See our dividend calendar or top-yielding stocks list.
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