Paychex, Inc. (PAYX) Dividend
Paychex, Inc. (PAYX) currently pays a dividend yield of 3.84%, distributing $4.54 per share annually ($1.19 per quarter). The company operates in the Technology sector.
PAYX has raised its dividend for 12 consecutive years.
PAYX dividend at a glance
| Dividend Yield | 3.84% |
|---|---|
| Annual Dividend | $4.54 per share |
| Per Payment | $1.19 |
| Payout Frequency | Quarterly |
| Payments per Year | 4 |
| Next Ex-Dividend Date | October 28, 2026 |
| Next Payment Date | November 18, 2026 |
| Payout Ratio | 91% |
| Consecutive Years of Dividend Growth | 12 |
| Sector | Technology |
| Implied Share Price (from yield) | $118.23 |
What PAYX pays on a $10,000 investment
At a 3.84% yield, $10,000 invested in PAYX generates about $384.00 per year, or roughly $96.00 every quarter. Share counts below use an implied price of $118.23, derived from the $4.54 annual dividend and the 3.84% yield.
| Amount Invested | Approx. Shares | Annual Dividend Income | Income per Quarter |
|---|---|---|---|
| $1,000 | 8.5 | $38.40 | $9.60 |
| $5,000 | 42.3 | $192.00 | $48.00 |
| $10,000 | 84.6 | $384.00 | $96.00 |
| $25,000 | 211.5 | $960.00 | $240.00 |
| $100,000 | 845.8 | $3,840.00 | $960.00 |
These figures assume the dividend and share price stay where they are today. They do not account for taxes, dividend cuts, price movement, or reinvestment. If you reinvest instead of taking the cash, the share count grows each quarter — see how the dividend snowball compounds.
PAYX dividend payment schedule
PAYX pays on a quarterly schedule — 4 payments a year. The next confirmed ex-dividend date is October 28, 2026, with payment on November 18, 2026. Later rows are projected forward at the same interval and will shift when Paychex, Inc. declares each dividend.
| Ex-Dividend Date | Payment Date | Amount per Share | Status |
|---|---|---|---|
| October 28, 2026 | November 18, 2026 | $1.19 | Confirmed |
| January 28, 2027 | February 18, 2027 | $1.19 | Projected |
| April 28, 2027 | May 19, 2027 | $1.19 | Projected |
| July 28, 2027 | August 18, 2027 | $1.19 | Projected |
To collect a PAYX dividend you must own the shares before the ex-dividend date. Buy on the ex-date itself and the previous owner keeps that payment. Read how ex-dividend, record, and payment dates fit together.
How PAYX's dividend compares
Across the 584 dividend stocks and ETFs DivTrkr tracks, the median yield is 3.75%. PAYX's 3.84% is 0.08 percentage points above that median, ranking 286th of 584 by yield.
Within Technology, where we track 52 names, the median yield is 0.73% — putting PAYX above its sector. A yield well above the sector norm is worth a second look: it can signal a depressed share price rather than a generous payout.
Its 12-year run of dividend increases ranks 120th out of the 354 names in our data with an active growth streak.
What the numbers mean
PAYX pays out roughly 91% of its earnings as dividends. That is a high payout ratio. The dividend is consuming most of reported earnings, which is normal for REITs and some funds but a caution flag elsewhere.
Like most US dividend payers, PAYX distributes quarterly, so a full year of ownership produces four payments.
Whether these payments are taxed at the lower qualified rate or as ordinary income depends on how long you hold the shares and what kind of company pays them. See the qualified vs. ordinary dividend rules.
PAYX dividend FAQ
When is the next PAYX ex-dividend date?
The next PAYX ex-dividend date is October 28, 2026, with the payment scheduled for November 18, 2026. You must own shares before the ex-dividend date to receive that payment.
What is PAYX's dividend yield?
PAYX currently yields 3.84%, based on $4.54 in dividends per share over the past year.
How often does PAYX pay dividends?
PAYX pays quarterly, which works out to 4 payments per year of about $1.19 per share.
How much dividend income would $10,000 of PAYX generate?
At the current 3.84% yield, $10,000 invested in PAYX would produce roughly $384.00 per year, or about $96.00 per quarter, before taxes and assuming the dividend holds.
Has PAYX increased its dividend?
Yes — PAYX has raised its dividend for 12 consecutive years.
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Track PAYX dividends free with DivTrkr — see exactly what your own position pays, and when. Also browse the full dividend calendar or the A–Z list of dividend stocks.