Paychex, Inc. (NASDAQ: PAYX), a leading provider of human capital management solutions for small- to medium-sized businesses, today announced that its board of directors approved a $0.04 increase in the company's regular quarterly dividend, an increase of 10 percent. The dividend will go from $0.42 per share to $0.46 per share and is payable on August 25, 2016 to shareholders of record on August 1, 2016.

Paychex also announced that its board authorized the purchase of up to $350 million of its common stock. The end date for the authorization is May 31, 2019.

To read the full news release, click here.

Paychex Inc. published this content on 07 July 2016 and is solely responsible for the information contained herein.
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