Paychex Stock To Go Ex-dividend Tomorrow (PAYX)

NEW YORK ( TheStreet) -- The ex-dividend date for Paychex (Nasdaq: PAYX) is tomorrow, January 30, 2014. Owners of shares as of market close today will be eligible for a dividend of 35 cents per share. At a price of $42.01 as of 9:50 a.m. ET, the dividend yield is 3.3%.

The average volume for Paychex has been 2.5 million shares per day over the past 30 days. Paychex has a market cap of $15.25 billion and is part of the services sector and diversified services industry. Shares are down 7.1% year to date as of the close of trading on Tuesday.

Paychex, Inc., together with its subsidiaries, provides payroll, human resource, insurance, and benefits outsourcing solutions for small to medium-sized businesses in the United States and Germany. The company has a P/E ratio of 26, 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, expanding profit margins, good cash flow from operations, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full Paychex Ratings Report.

See our dividend calendar or top-yielding stocks list.

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