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Why Automatic Data Processing is a Top 25 SAFE Dividend Stock (ADP)

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Why Automatic Data Processing is a Top 25 SAFE Dividend Stock (ADP)




Exploring the Resilience of Automatic Data Processing Stocks

Delving into the Dividend Strength of Automatic Data Processing Inc.

Automatic Data Processing Inc. (Symbol: ADP) has recently been distinguished by the Dividend Channel’s prestigious “S.A.F.E. 25” list – lauding stocks with exceptional ”DividendRank” metrics like a robust 2.3% yield and an impressive history of dividend growth spanning over two decades. This recognition cements ADP’s reputation as a reliable investment option for dividend-seeking investors.

Notably, ADP’s strong standing in the financial landscape is emphasized by its membership in the iShares S&P 1500 Index ETF (ITOT), in addition to being a significant holding, accounting for 0.96% of the SPDR S&P Dividend ETF (SDY) with a valuation of $199,062,729 in ADP shares.

Key attributes that earned Automatic Data Processing Inc. its spot on the “Dividend Channel S.A.F.E. 25” list are as follows: S. A Solid Return – characterized by a generous yield and robust DividendRank metrics; A. An Accelerating Amount – showcasing consistent dividend hikes over time; F. A Flawless History – marked by never missing or reducing dividends; E. Endurance – demonstrating a consistent record of dividend payments for over two decades.

Examining ADP’s Dividend Payouts and Stability

The annualized dividend distribution by Automatic Data Processing Inc. stands at $5.6 per share, disbursed in quarterly increments, with the most recent dividend ex-date registered on 06/13/2024. Invaluable insights into ADP’s long-term dividend performance can be gleaned from the intricate dividend history chart showcased below.

ADP+Dividend+History+Chart

ADP’s operational domain lies within the Business Services & Equipment sector, rubbing shoulders with industry stalwarts like Mastercard Inc (MA), and Visa Inc (V).

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The perspectives articulated in this piece belong to the author and do not necessarily mirror those of Nasdaq, Inc.