The ex-dividend date for Paychex (Nasdaq:PAYX) is tomorrow, December 18, 2012. Owners of shares as of market close today will be eligible for a dividend of 66 cents per share. At a price of $33.94 as of 9:50 a.m., the dividend yield is 3.9%.
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- The ex-dividend date for Paychex (Nasdaq: PAYX) is tomorrow, December 18, 2012. Owners of shares as of market close today will be eligible for a dividend of 66 cents per share. At a price of $33.94 as of 9:50 a.m. ET, the dividend yield is 3.9%. The average volume for Paychex has been 2.2 million shares per day over the past 30 days. Paychex has a market cap of $12.25 billion and is part of the services sector and diversified services industry. Shares are up 12% year to date as of the close of trading on Friday. Paychex, Inc., together with its subsidiaries, provides payroll, human resource, and benefits outsourcing solutions for small to medium-sized businesses in the United States and Germany. The company has a P/E ratio of 22.2, above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Paychex as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in stock price during the past year, expanding profit margins, good cash flow from operations and increase in net income. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Paychex Ratings Report. See our dividend calendar or top-yielding stocks list. Holiday Special: Subscribe to Action Alerts PLUS to see how Jim Cramer trades his $2.5 Million+ portfolio for 51% off the list price. Your first 14-days are FREE: Sign up today to get e-mail alerts before every trade.