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Data last updated: Oct 21, 2026
Snapshot (as of Oct 21, 2026): Paychex, Inc. (PAYX) pays a $4.54 annual dividend ($1.19 quarterly), yielding 4.30% at $112.62/share. Next ex-dividend date 2026-10-26. 12 consecutive years of dividend growth. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 4.30%
Annual Dividend: $4.54 per share
Payout Ratio: 90.1%
Ex-Dividend Date: 2026-10-26
Dividend Frequency: quarterly
Sector: Technology
Years of Dividend History: 39
Paychex, Inc. dividend income comes from one of the largest providers of payroll processing, HR outsourcing, and employee benefits solutions for small to medium-sized businesses across the U.S. and internationally. PAYX currently yields 4.58%, placing it in high-yield territory for a software-sector stock. The trailing annual dividend rate is $4.54 per share, paid quarterly, with the next ex-dividend date on July 28, 2026. At a beta of 0.848, PAYX stock carries below-market price volatility, which suits income investors who prioritize steadier price behavior alongside a high current yield.
Paychex, Inc. pays out 90.1% of earnings as dividends, a payout ratio classified as high (above 75%). That level is supported by the company's recurring-revenue model: payroll processing, HR administration, and benefits services are ongoing obligations for client businesses, not one-time purchases, which provides a degree of demand continuity. Paychex, Inc. dividend safety is the central question at this payout level, and the most significant pressure point is that there is little earnings cushion left to absorb a revenue slowdown without affecting the dividend.
Paychex, Inc. dividend history shows a CAGR of 8.5% per year from 2010 to 2025. Per-share payments grew from $1.24 to $4.22 over that period (2026 is a partial year and excluded from the CAGR calculation). The largest annual increase in the window was 56.0% in 2012, and the data also contains at least one year-over-year decline exceeding 5%, so growth has not been perfectly linear across the full 15-year window.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +11.7% | $3.03 (2022) | $4.22 (2025) |
| 5-Year | +11.2% | $2.48 (2020) | $4.22 (2025) |
| 10-Year | +10.2% | $1.60 (2015) | $4.22 (2025) |
PAYX fits dividend investors who want a high current yield from a business with recurring, subscription-like revenue streams. The yield of 4.58% is classified as high (above 4%) and sits well above the 5-year average yield of 2.81%, meaning today's buyers are locking in a meaningfully higher income rate than the stock's recent historical norm. The 12-year streak of consecutive dividend increases adds a degree of reliability to that income. The trade-off is a 90.1% payout ratio that leaves limited room for error: income is generous, but dividend growth from here depends heavily on earnings keeping pace.
| Payment Date | Amount per Share |
|---|---|
| 2026-07-28 | $1.1900 |
| 2026-05-13 | $1.1900 |
| 2026-01-28 | $1.0800 |
| 2025-11-07 | $1.0800 |
| 2025-07-21 | $1.0800 |
| 2025-05-12 | $1.0800 |
| 2025-02-07 | $0.9800 |
| 2024-11-07 | $0.9800 |
| 2024-08-08 | $0.9800 |
| 2024-05-09 | $0.9800 |
| Year | Total Dividends |
|---|---|
| 2026 | $3.4600 |
| 2025 | $4.2200 |
| 2024 | $3.8300 |
| 2023 | $3.4600 |
| 2022 | $3.0300 |
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