The ex-dividend date for Paychex (Nasdaq:PAYX) is Monday, July 30, 2012. Owners of shares as of market close today will be eligible for a dividend of 32 cents per share. At a price of $32.77 as of 9:30 a.m., the dividend yield is 4%.
NEW YORK ( TheStreet) -- The ex-dividend date for Paychex (Nasdaq: PAYX) is Monday, July 30, 2012. Owners of shares as of market close today will be eligible for a dividend of 32 cents per share. At a price of $32.77 as of 9:30 a.m. ET, the dividend yield is 4%. The average volume for Paychex has been 3.1 million shares per day over the past 30 days. Paychex has a market cap of $11.6 billion and is part of the services sector and diversified services industry. Shares are up 8.1% year to date as of the close of trading on Thursday. Paychex, Inc. provides payroll, human resource, and benefits outsourcing solutions for small to medium sized businesses. The company has a P/E ratio of 21.2, equal to the average diversified services industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Paychex as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins, growth in earnings per share, increase in net income and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full Paychex Ratings Report. See our dividend calendar or top-yielding stocks list.