The board of directors of Automatic Data Processing, Inc.ADP approved a 6% increase in the cash dividend to an annual rate of $1.44 per share, Gary C. Butler, president and chief executive officer, announced today.
The new quarterly dividend of 36 cents per share compares with the previous quarterly dividend rate of 34 cents per share. This increased quarterly dividend will be distributed on January 1, 2011 to shareholders of record at December 10, 2010.
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