What is PAYX's current dividend yield?

Paychex Inc (PAYX) has a dividend yield of 4.73%, paying $4.76 per share annually.

How often does PAYX pay dividends?

Paychex Inc typically pays dividends on a quarterly basis. The annual dividend totals $4.76 per share.

When is PAYX's next ex-dividend date?

The most recent ex-dividend date for Paychex Inc was May 13, 2026. Ex-dividend dates are typically announced a few weeks before the payment date.

What is PAYX's dividend growth rate?

Paychex Inc has a 5-year dividend compound annual growth rate (CAGR) of 11.9%. The 10-year CAGR is 10.2%.

What is PAYX's payout ratio?

Paychex Inc has a payout ratio of 95%, meaning it distributes 95% of its earnings as dividends. This is elevated and may limit future increases.

Paychex Inc (PAYX) Dividend Analysis

Comprehensive dividend yield, safety, growth, and income analysis for PAYX.

Paychex Inc (PAYX) pays an attractive 4.73% dividend yield, or $4.76 per share annually at a stock price of $127.04. The payout ratio of 95% is elevated, which may indicate the dividend could be cut if earnings decline. Earnings do not fully cover the dividend. Dividend growth is slowing — the 3-year CAGR of 10.8% trails the 5-year rate of 11.9% and the 10-year rate of 10.2%. The most recent ex-dividend date was May 13, 2026.

Dividend Overview

Paychex Inc (PAYX) pays an attractive 4.73% dividend yield, or $4.76 per share annually at a stock price of $127.04.

Dividend Yield

4.73%

Annual Dividend

$4.76

Share Price

$127.04

Ex-Dividend Date

May 13, 2026

Consecutive Years

0 yrs

Sector

Industrials

Dividend Safety

At Risk

The payout ratio of 95% is elevated, which may indicate the dividend could be cut if earnings decline.

Payout Ratio95%

0%60%80%100%

DRIP Projection

$10,000 invested in PAYX with dividends reinvested would grow to approximately $22,071 after 10 years, generating roughly $3,223/year in dividend income. This projection assumes the current 4.73% yield and a 11.9% annual dividend growth rate with all dividends reinvested.

Year	Portfolio Value	Annual Income	Total Return
Year 1	$10,473	$554	+5%
Year 5	$13,379	$1,112	+34%
Year 10	$22,071	$3,223	+121%
Year 15	$51,562	$13,234	+416%
Year 20	$210,344	$94,889	+2003%

Assumes constant share price and reinvestment at current price. Actual results will vary. Try our DRIP Calculator for a customized projection with real historical data.