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ADP has produced strong growth in recent years and we expect that will continue. On the right side of the screenshot shows performance of ADP Stock versus the S&P 500. Dividend Aristocrat Automatic Data Processing (ADP) will increase its quarterly payment by by 2.2 percent to $0.93 per share in 2020.This marks the 46th consecutive year of annual dividend increases. ADP which is now branded as “Always Designing for People” was founded in 1949 with one mission in mind; to free businesses from non-core tasks such as processing payroll and human resources management. Sizable 11% annual dividend growth rate over last 5 years. These 57 are large, US companies that have historically provided (slightly) better performance and (slightly) lower volatility than the S&P 500 as a whole. Free cash flow is the cash a company generates from its daily operating activities minus capital expenditures like investing in new plants or equipment. Then for the first time increased the dividend in 1975. The combination of a contracting P/E multiple, earnings growth, and dividends yields a total expected return of 5.4% per year through fiscal 2025. Click here to download your Dividend Aristocrats Excel Spreadsheet List now, 2008 earnings-per-share of $2.20 (20% increase), 2009 earnings-per-share of $2.39 (8.6% increase). This list of stocks is officially tracked by the ratings company. Regulations continue to increase and become more complex. With more than four consecutive decades of dividend increases, Automatic Data Processing (ADP) is one of my favorite dividend aristocrats. There are many other reasons why my filtering start with dividend companies, see my post on why I chose dividend investing. Automatic Data Processing ADP maintains a target payout ratio of 55%-60% of annual earnings, so the payout is very safe with room to grow. ADP's fundamentals are reasonably priced at a 23 forward P/E, a 1.89 PEG, a very low debt-to-equity ratio of 0.37 and a highly sustainable payout ratio of 58% to accompany its 1.93% dividend yield. Revenue should be up 6% to 7%, while EBIT margin should rise 100bps to 125bps, and adjusted earnings-per-share should rise 12% to 14%. McDonald’s Stock is a member of the elite S&P 500 Dividend Aristocrats index. Automatic Data Processing (ADP) is a dividend aristocrat that has increased its dividend for 41 straight years. This pattern is the most common among the Dividend Aristocrats. We expect ADP to grow earnings-per-share by 8% annually over the next five years. The Canadian Dividend Aristocrat list serves as a screen for further investigating a stock for a dividend growth portfolio. This represents a compounded annual growth rate (CAGR) of 4.75%. EBIT margin rose 60bps to 21.3% of revenue. ADP – Automatic Data Processing T – AT&T. ADP's dividend yield, history, payout ratio, proprietary DARS™ rating & much more! ADP stock is … With a 45-year track record of dividend increases, ADP has qualified for the title nearly twice over. They are very popular amongst dividend investors as they have historically outperformed the S&P500 index and are less volatile than average. We really like their slogan which states, “At ADP, we’re designing a better way to work so you can achieve what you are working for.”. ADP has an above-average dividend yield and the company raises its dividend at a high rate. The company has undergone a significant restructuring in recent years. The company recently reported fiscal 2020 first-quarter earnings, which was another terrific quarter. Information Technology. Dividend Aristocrats paying in March, June, September, December. There are some tailwinds working in the company’s favor including complexity of HR and legislation, fast growing job market and very low unemployment rate, gig economy with the likes of Uber, wage growth and higher competition for talent. Both segments produced gains as Employer Services saw its top line increase 4% and PEO Services’ revenue rose 8%. This is about 20 basis points higher than the dividend yield paid by the S&P 500 index. In the 70 years since, ADP has grown into the leading payroll and human resource outsourcing company. ADP’s earnings-per-share during the Great Recession are shown below: ADP increased earnings-per-share in 2008 and 2009, which is a rare accomplishment. The Dividend Aristocrats List and Index (2015) Now, you may be wondering which these companies actually are? ADP’s Dividend and Stock Split History. Over the last decade, ADP Stock has gained 509% handily beating the performance of the S&P 500 which has gained 198%. S&P500 US Dividend Aristocrats Requirements. As a global company, ADP is uniquely positioned to help companies with employees on multiple continents. The company is the dominant player in the payroll and human resources industry and offers shareholders safety due to its competitive advantages and conservative balance sheet. During the great financial crisis of 2008, the stock dropped 35% from peak of $44 to trough of $29. Its most recent increase came in November 2019, when the company implemented another very strong 15% raise. Dividend Aristocrats (Sorted by Dividend Yield) Here are the 65 S&P 500 Dividend Aristocrats sorted by dividend yield from highest to lowest. Industrials. Dividend Payout Ratio measures how much of a company’s free cash flow is paid out in the form of dividends. The company has divided its financial reporting in to 2 segments, 2) Professional Employer Organization (PEO). Charts; Tables; NAME SYMBOL PRICE PRICE % MARKET CAP . This ... Kimberly Clark Stock is a member of the prestigious S&P 500 Dividend Aristocrats index. First, as the economy continues to grow at a modest rate, businesses are adding employees. 21 of the Dividend Aristocrats pay their dividends usually following the pattern: March, June, September, and December. ADP has raised its dividend each year for 45 years in a row. The following section ranks our top 7 Dividend Aristocrats to buy today, based on expected annual returns through 2025. ADP’s revenue per share and earnings per share increased each year from 2007 to 2009, throughout the recession. For 2020, we had seven additions and no deletions. Stay on top of your next investment decision with the Dividend Snapshot US Aristocrats List. Each stock has increased its annual dividend 25 or more consecutive years. With robust forecast earnings-per-share growth, ADP should have ample room to continue to raise the payout for many years to come. ADP has been paying dividends since 1974, and has been increasing them annually since 1975. ADP pays its dividends quarterly. ADP is a high-quality dividend aristocrat that has solid historical growth and good future growth prospects. Find the latest dividend history for Automatic Data Processing, Inc. Common Stock (ADP) at Nasdaq.com. Although ADP is a highly consistent dividend growth stock, its mid-single-digit expected total returns make the stock a hold. ADP has one of the most reliable dividend payments in the market thanks to the company's high recurring revenue, strong client retention rates, low capital intensity, and mission-critical solutions. Automatic Data Processing, or ADP for short, has raised its dividend each year for 42 years in a row. Which Companies are Aristocrats? The company processed $2.1 trillion of payroll and taxes for its clients in 2019, which is a massive number. Hikes have averaged a modest 5.2% over the … Also worth noting is that Automatic Data Processing is a “Dividend Aristocrat,” which is a title held by companies with at least 25 consecutive years of annual dividend increases. Instead, future returns will be generated from earnings growth and dividends. Wal-Mart Stores WMT 145.92 0.49 (0.3%) Market Cap: 412.1 Billion. This week saw two Dividend Aristocrats declare regular quarterly dividends: Automatic Data Processing declared a quarterly dividend of 48 cents payable April 1st to shareholders of record on March 14th. Thanks for reading this article. The S&P 500 Dividend Aristocrats Index, ... the individual stocks in the Aristocrats Index that have outperformed the S&P 500 by wide margins so far in 2018 are ADP and Sysco. Automatic Data Processing, or ADP for short, has raised its dividend each year for 42 years in a row. Below chart shows year over year growth in ADP’s dividend since 1990. This is the 2nd quarter with the dividend at this rate after ADP increased their dividend by 10% beginning in early January 2014. EBIT margin rose 60bps to 21.3% of revenue. This rise is at a compounded annual growth rate (CAGR) of almost 13% which is just spectacular! ADP enjoys high demand for these services, as companies would prefer to outsource these functions in order to better focus on their core business activities. Consistent dividend growth for 45 years, making this a Dividend Aristocrat. To be included in the Dividend Achievers Index, a stock must be a member of the S&P 500 and meet certain size and liquidity requirements. Here is the full list of Dividend Aristocrats as of March 2020: AbbVie Inc. (ABBV) Abbott Laboratories (ABT) Archer-Daniels-Midland Co. (ADM) Automatic Data Processing Inc. (ADP) Aflac Inc. (AFL) Albemarle Corp (ALB) – New for 2020! Total revenue gained 6% to $3.5 billion while adjusted earnings before interest and taxes, or EBIT, increased 8% to $745 million. This represents a compounded annual growth rate (CAGR) of 13.2% which is truly stunning. ADP is a member of the Dividend Aristocrats, a group of 57 stocks in the S&P 500 Index, with 25+ years of consecutive dividend increases. And, the company has continued to increase its dividend annually every year since. Its most recent increase was on November 8 th, 2016, when the company announced a solid 7.5% raise.. ADP is a member of the Dividend Aristocrats, a group of 51 stocks in the S&P 500 Index, with 25+ years of consecutive dividend increases. Employing 58,000 people, ADP’s business strategy is based on 3 key pillars. There are 64 Dividend Aristocrats. As a result, investors cannot rely on an expanding price-to-earnings ratio to fuel shareholder returns. The 5-year average dividend yield is 2.10% (see red-line in chart). This streak qualifies ADP as a Dividend Aristocrat. A valuation premium to the S&P 500. Likewise, similar pattern emerged during the commodity price crash of 2016. That means ADP stock is an S&P 500 Dividend Aristocrat, which is an elite title reserved for S&P 500 companies with at least 25 consecutive years of annual dividend increases. Still, the recent rally in the stock has made ADP less attractive from a valuation perspective. I'm an administrator that manages payroll, benefits or HR Online access, questions, about paystubs, W2, … Free cash flow is calculated from the statement of cash flows, and is not artificially modified using accounting rules or non-cash expenses like depreciation, amortization, fair value revaluations, etc. This streak qualifies ADP as a Dividend Aristocrat. A Dividend Aristocrat is a company in the S&P 500 that has paid and increased its base dividend every year for at least 25 consecutive years. That's roughly a third of what its peers are priced at, and a 25% discount to CAH's own historical forward P/E. If a recession occurs, ADP should continue to increase its dividend, as customers will still need its services. This includes the following 7 new additions. These 7 stocks represent attractive long-term buys for dividend growth investors. ADP is a business outsourcing services company. This includes the following 7 new additions. Trading on the New York Stock Exchange, ADP has a market capitalization of $76.24 billion and pays a 2% dividend yield. Stocks Analysis by Brian Bollinger covering: S&P 500, Automatic Data Processing Inc. Read Brian Bollinger's latest article on Investing.com The copmany’s long-term earnings per share are shown in the image below: Source: Ycharts. Rarely do investors find a combination of strong growth prospects and recession resilience, along with a world-class dividend increase streak. Please send any feedback, corrections, or questions to support@suredividend.com. dividends, but the amount has increased each year. Companies in XLK usually command a higher valuation than the broader market and this is also true for ADP. Buying shares of a dividend aristocrat ETF can help you invest in dividend aristocrat stocks more easily and cheaply. ADP has created value for shareholders with annual dividend increases for the past 44 years, as well as high returns from share price appreciation. The payout for fiscal 2019 is $3.64 per share after the November 2019 increase. The list includes the US Dividend Aristocrats and Kings. This is a fairly rich valuation by most standards, and it is high by ADP’s own historical norms as well. A Dividend Aristocrat is a stock with 25 years or more of consecutive dividend increases and is part of the S&P 500. As we can see above, ADP has built its business in such a way that it can offer a variety of solutions to businesses of any size, making it a true leader in the field. Dividend Aristocrats are S&P 500 stocks that have increased their dividend payouts for 25 consecutive years or more. It is rare to find a company that has a mix of growth and dividends, but Automatic Data Processing (ADP) is a growth-oriented Dividend Aristocrat. Today, the company is one of the top cloud-based human capital management companies with 810,000 customers in 140 countries. Given ADP’s size and scale, we believe it will perform well during the next recession, which increases the attractiveness of the stock. The most recent price for ADP’s stock can be accessed by going to the company’s Investor Relations website and clicking on “Stock Information.”, “The philosophy of the rich and the poor is this: the rich invest their money and spend what is left. Dividend payout ratio of 69% which leaves room for future dividend growth, smart acquisitions and share repurchases. Employer Services segment grew revenues 4% while PEO grew revenues at 8%. Finding great dividend stocks is hard work. Automatic Data has raised its dividend 44 consecutive years, making it a dividend aristocrat and putting it on track to become a dividend king in 2025. The new quarterly dividend rate of $0.93 per share will be distributed on January 1, 2021 to shareholders of record on December 11, 2020. The company maintains a large list of customers, and holds a top position in the industry. ADP started paying a recurring cash dividend in 1974. For 2020, we had seven additions and no deletions. According to its Investor Relations site, the company has grown its dividend from 8 cents per share in 1990 to $3.28 in 2019. Also worth noting is that Automatic Data Processing is a “Dividend Aristocrat,” which is a title held by companies with at least 25 consecutive years of annual dividend increases. It was founded in 1949, and began with a single client. Dividend.com: The #1 Source For Dividend Investing. Based on the current share price, the stock has a price-to-earnings ratio of 27.7. Source: Investor Day Presentation, page 6. According to its Investor Relations site, the company has grown its dividend from 8 cents per share in 1990 to $3.28 in 2019. These are elite blue chip dividend paying stocks that have raised their cash dividends for at least 25 years, without missing a single payment. A Dividend Aristocrat is a company in the S&P 500 that has paid and increased its base dividend every year for at least 25 consecutive years. Dividend articles featuring Adp (ADP): 2020-06-06 Dividend Champion And Contender Highlights: Week Of June 7 2020-06-06 5 Safe And Cheap Dividend Stocks To Invest In (June 2020) 2020-06-01 3 Best Dividend Aristocrats And Kings, And 3 To Avoid 2020-05-29 10 Dividend Growth Stocks For May 2020 2020-04-16 The 13 Best Dividend Aristocrats To Buy In This Uncertain Economy ADP Stock last raised its annual dividend by 15% on November 12th, 2019 to $3.64 per share. By geography, approximately 86% of ADP’s sales are generated in the U.S., 9% in Europe, 2% in Canada, and 2% in other countries. Earnings-per-share came in at $1.34 on an adjusted basis, which represented a 12% gain against the comparable period last year. Its reshaped business model will place greater emphasis on helping clients streamline their business functions, by investing in cloud-based software as a growth initiative. PEO is the fastest growing segment growing revenues at a compounded annual growth rate (CAGR) of 14% while ES is at 5%. ADP Stock has grown from $5 in January 1990 to $178 as of January 2020. According to ADP’s 2019 Investor Presentation, Human Capital Management is a $125 billion global market, of which it has only captured $14.2 billion, which works out to 11.4%. This number of annual dividend increases makes ADP a Dividend Aristocrat. ADP stock trades at 29 times forward estimated earnings of full year 2020 while the broader market as measured by the S&P 500 trades at 18.5 times. There are many other reasons why my filtering start with dividend companies, see my post on why I chose dividend investing. ADP is a member of the Dividend Aristocrats, a group of 57 stocks in the S&P 500 Index, with 25+ years of consecutive dividend increases. Dividend Aristocrat Automatic Data Processing (ADP) will increase its quarterly payment by by 2.2 percent to $0.93 per share in 2020.This marks the 46th consecutive year of annual dividend increases. Here is what we like and don’t like about Automatic Data Processing (ADP) Stock. The company has increased its shareholder payout each year for the past 41 years. Final thoughts. A dividend aristocrat is a company that not only pays a dividend consistently but continuously increases the size of its payouts to shareholders. List of Canadian Dividend Aristocrats in 2020 – Updated 10/30/20 Here is a list of all dividend aristocrats in 2014. This helps insulate ADP from the effects of a recession. The reason for ADP’s continued growth during the Great Recession is that businesses still need payroll and human resource services, even in an economic downturn. To qualify for membership in the S&P 500 Dividend Aristocrats index, a stock must satisfy the following criteria: ADP has a leading position across its strategic pillars, as well as a highly diversified client list; no single customer represents more than 2% of annual revenue. Income investors favor Dividend Aristocrats because the companies are solid long-term holdings with predictable, safe, and growing dividend payments. ADP has increased its dividend payments for 41 consecutive years, making the company a Dividend Aristocrat.The image below shows the company’s quarterly dividend history since 1983. Since the 2008 financial crisis, the S&P 500 Dividend Aristocrat list has evolved as follows: . The aristocrats are ... General Dynamics Stock is a member of the elite S&P 500 Dividend Aristocrats index. Quite interestingly, ADP Stock is a member of the S&P 500 Technology Sector (XLK). Learn more about this quality dividend stock In its 2019 annual report, the company states cash from operations equals $923 million while capital expenses totaled $290 million. In fact, ADP is the only Dividend Aristocrat in the information technology sector. The S&P Dividend Aristocrats index tracks companies in the S&P 500 that have increased dividends every year for at least 25 years in a row. ADP Is A Dividend Aristocrat. ADP is a strong business. Automatic Data Processing (ADP) might not be a household name, but it should be for dividend growth investors. Having said that, let’s review ADP Stock for its latest 3rd Quarter 2019 financial results, revenue and dividend growth history, valuation and performance to the S&P 500. Indeed, ADP’s moat keeps competitors at bay, and leads to high levels of profitability. Attached chart shows ADP’s dividend growth history showing a nice steep uptrend and the power of compounding in play. This article will review ADP’s fundamentals and discuss whether the stock is trading at an attractive enough valuation to buy now. What’s also interesting is interest earned on clients’ cash held with ADP grew 13% to $134 million. We see fair value for ADP at 22 times earnings, which is a meaningful discount to the current valuation. Trades at 29 times forward earnings while the S&P 500 trades at 18.5 times. The company has increased its shareholder payout each year for the past 41 years. They are: Pillar #1: HCM Solutions provides cloud-based software helping employers of all sizes hire employees. And, as the economy expands, companies are adding employees and increasingly use ADP’s services. ADP’s growth is fueled by many competitive advantages. The index is equally weighted, and rebalanced every quarter. Two key growth catalysts for ADP are continued increases in payrolls, and regulation. Based upon the forecast for earnings-per-share management provided, the payout ratio for this year should be right at 60%. ADP's most recent quarterly dividend payment was made to shareholders of record on Friday, January 1. ADP has raised its dividend each year for 45 years in a row. The company’s excellent dividend growth track record is the result of its reliable business model. In 2014, ADP spun off its human capital management business, which now trades as CDK Global (CDK). S&P … It is a list of companies with stable businesses that have competitive advantages and have returned cash to shareowners consistently through dividends. The company expects new business bookings to increase 6%-8% in the current fiscal year, in addition to a slightly higher customer retention rate. Management has provided outlook for 2020 fiscal year where revenues are expected to grow between 6% to 7% led by PEO Services which is expected to grow 9% to 11%. ADP pays an annual forward dividend of $3.72 per share. It is known as a dividend aristocrat, which means it has been increasing dividends for more than 25 years consecutively. Dividend Aristocrat in Focus: Automatic Data Processing (ADP) The Dividend Aristocrats are a select group of currently 57 S&P 500 stocks with 25+ years of consecutive dividend increases. Total revenue gained 6% to $3.5 billion while adjusted earnings before interest and taxes, or EBIT, increased 8% to $745 million. ADP has built its success on attracting small and large businesses alike, and we see its years-long transformation to this portfolio as a competitive advantage. ADP provides a screenshot of compounded annual growth rate (CAGR) for its revenues over the last 10 years. Sorted by Market Cap High to Low. The S&P Dividend Aristocrats index tracks companies in the S&P 500 that have increased dividends every year for at least 25 years in a row. 2020 - Total number of Aristocrats: 65. 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