Automatic Data Processing Increases Cash Dividend 24%;
Marks 32nd Consecutive Year of Dividend Increases
ADP Investor Relations
973-974-5858
ROSELAND, New Jersey -- November 14, 2006 -- The board of directors of Automatic Data Processing, Inc.(NYSE: ADP) approved a 24% increase in the cash dividend to an annual rate of 92 cents per share, Gary C. Butler, president and chief executive officer, announced today.
This increased dividend will be distributed on January 1, 2007 to shareholders of record December 8, 2006.
The new quarterly dividend of 23 cents per share compares with the previous quarterly dividend rate of 18.5 cents per share. The increased cash dividend marks the 32nd consecutive year in which the company has raised its dividend.
ADP, with nearly $9 billion in revenues and more than 570,000 clients worldwide, is one of the largest
providers of a broad range of premier, mission-critical, cost-effective transaction processing and information-based business solutions.