Paychex, Inc. : Paychex Declares Quarterly Dividend
January 17, 2014 at 10:08 am
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Today the Board of Directors of Paychex, Inc. (NASDAQ:PAYX) declared a regular quarterly dividend of$.35per share payable February 17, 2014 to shareholders of record February 3, 2014.
About Paychex
Paychex, Inc. (NASDAQ:PAYX) is a leading provider of payroll, human resource, insurance and benefits outsourcing solutions for small- to medium-sized businesses. The company offers comprehensive payroll services, including payroll processing, payroll tax administration, and employee pay services, including direct deposit, check signing, and Readychex®. Human resource services include 401(k) plan recordkeeping, section 125 plans, a professional employer organization, time and attendance solutions, and other administrative services for business. A variety of business insurance products, including group health and workers' compensation, are made available through Paychex Insurance Agency, Inc. Paychex was founded in 1971. With headquarters in Rochester, New York, the company has more than 100 offices serving approximately 570,000 payroll clients as of May 31, 2013. For more information about Paychex and our products, visit www.paychex.com.
Contacts
Efrain Rivera
Chief Financial Officer
Paychex, Inc.
585-385-6666
Terri Allen
Paychex, Inc.
585-383-3406
www.paychex.com
Paychex, Inc. specializes in the development of integrated management software packages (ERP). The group also offers outsourcing services for small and mid-size companies. Net sales break down by activity sector as follows:
- payroll and human resources management solutions (74.5%): management solutions for payroll, internal accounting data, taxes, employee benefits, pensions, etc.;
- HR management solutions for professional employer organizations (23.5%): health insurance management, risk management and risk management, employee assistance schemes, etc.;
- fund management (2%).
All sales are in the United States.