PAYX Dividend Yield 2026: Paychex, Inc.

The free dividend tracker to help you grow your wealth. Link your brokerage accounts and MerryDiv automatically syncs your holdings and dividends.

Data last updated: Sep 06, 2026

Snapshot (as of Sep 06, 2026): Paychex, Inc. (PAYX) pays a $4.54 annual dividend ($1.19 quarterly), yielding 3.73% at $121.71/share. Next ex-dividend date 2026-07-28. 12 consecutive years of dividend growth. Source: Yahoo Finance, aggregated by MerryDiv.

Dividend Yield: 3.73%

Annual Dividend: $4.54 per share

Payout Ratio: 90.3%

Ex-Dividend Date: 2026-07-28

Dividend Frequency: quarterly

Sector: Industrials

Years of Dividend History: 39

About Paychex, Inc. Dividend

Paychex, Inc. dividend income comes from one of the largest payroll and human capital management providers in the United States, serving small and medium-sized businesses across HR, payroll, retirement services, and insurance. PAYX currently yields 3.73%, with a trailing annual dividend rate of $4.54 per share paid quarterly. The next ex-dividend date is July 28, 2026. With a beta of 0.798, PAYX stock carries below-market volatility, which suits income investors who prioritize steadier price behavior alongside their dividend.

Dividend Safety

Paychex, Inc. pays out 90.3% 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 retirement plan services are ongoing contracts with SMEs, not one-time transactions, which provides a degree of earnings regularity. Paychex, Inc. dividend safety hinges on that recurring demand holding up, but a 90.3% payout leaves little room for earnings pressure before the dividend would face strain.

Paychex, Inc. (PAYX) Dividend Growth Rate, CAGR, and History

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 growth calculation). The largest annual increase in the window was 56.0% in 2012, though the data also contains at least one year-over-year decline exceeding 5%, so growth has not been perfectly linear.

Paychex, Inc. Dividend Growth Rate (CAGR)

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)

Is Paychex, Inc. a Good Dividend Stock?

PAYX stock fits dividend investors who want a moderate yield paired with meaningful long-term dividend growth from a recurring-revenue business. The current yield of 3.73% sits well above the 5-year average of 2.82%, which means income buyers today are getting more yield than the stock has historically offered. The trade-off is a 90.3% payout ratio that leaves limited cushion. Yield classification is moderate (2-4%), and growth has averaged 8.5% annually, but that combination only works if earnings hold steady. What an investor gets here is above-average historical yield with real growth behind it; what they accept is a payout structure with little margin for error.

Recent Paychex, Inc. Dividend Payments

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

Paychex, Inc. Annual Dividend History

Year	Total Dividends
2026	$3.4600
2025	$4.2200
2024	$3.8300
2023	$3.4600
2022	$3.0300

Related Industrials Dividend Stocks

• CAT — Caterpillar Inc. (0.76% yield)
• GE — GE Aerospace (0.49% yield)
• RTX — RTX Corporation (1.40% yield)
• SIEGY — Siemens AG (1.96% yield)
• DE — Deere & Company (0.93% yield)
• UNP — Union Pacific Corporation (1.92% yield)

Frequently Asked Questions

Does PAYX pay dividends?

Yes, Paychex, Inc. (PAYX) pays a $1.19 quarterly dividend per share, yielding 3.73%.

How often does Paychex, Inc. pay dividends?

Paychex, Inc. pays dividends quarterly. The last dividend amount was $1.19 per share, and the next ex-dividend date is July 28, 2026.

What is Paychex, Inc.'s current dividend yield?

The current Paychex, Inc. dividend yield is 3.73%, which is above the stock's 5-year average yield of 2.82%, making today's yield historically elevated for PAYX.

Has Paychex, Inc. ever cut its dividend?

The available history window (2010-2025) contains at least one year-over-year decline exceeding 5%, so a cut or reduction does appear in the data. The history does not support a claim of uninterrupted increases across the full window.

How fast has Paychex, Inc. grown its dividend?

Paychex, Inc. has grown its dividend at a compound annual growth rate (CAGR) of 8.5% per year from 2010 to 2025, with per-share payments rising from $1.24 to $4.22 over that period.

Is Paychex, Inc. dividend safe?

The 90.3% payout ratio is high (above 75%), which means the dividend consumes nearly all earnings. The recurring-revenue nature of payroll and HR services provides some earnings regularity, but the payout leaves limited room for any earnings decline.

Is Paychex, Inc. a good dividend stock for income investors?

PAYX offers a 3.73% yield above its own 5-year average, with 12 consecutive years of dividend increases and an 8.5% annual growth rate. The high payout ratio of 90.3% is the primary characteristic income investors need to weigh.

How does Paychex, Inc. compare to its own historical yield?

At 3.73%, the current PAYX dividend yield is meaningfully above the 5-year average of 2.82%, a gap of nearly one full percentage point that reflects a higher income rate than the stock has typically offered.

Latest PAYX News

• PAYX Looks 20.8% Undervalued on GF Value™ - GuruFocus — GuruFocus
• Paychex stock holds firm as June results and dividend frame value - AD HOC NEWS — AD HOC NEWS
• Paychex stock holds firm as new institutional investors arrive and dividend remains a key attraction - AD HOC NEWS — AD HOC NEWS

Project income from PAYX with the PAYX dividend calculator or track your full portfolio with the dividend tracker.