The Dividend Rockstar That Delivers

Ladies and gentlemen, if you're in the market for a dividend stock that rocks harder than a heavy metal concert, look no further than Automatic Data Processing (ADP). This payroll powerhouse doesn't just handle numbers; it knows how to make your investment portfolio groove. So grab your air guitars, because ADP ($Automatic Data Processing Inc(ADP)$) is about to take centre stage.

Ageless Rocker: Still has the Moves!

ADP's Market Moves

As of 15:40 PST on September 7, 2023, ADP is strutting its stuff at a cool $255.15 per share. The stock's been on a wild ride, up 6.1% in the past day and a staggering 11.7% in the past year. With a market capitalisation of $105.4 billion, ADP is not just making sweet music; it's also rocking the financial charts.

Financial Harmony

ADP is the maestro of payroll and human capital management solutions, with a symphony of growth and profitability. In its latest performance, ADP hit a high note with earnings per share at $7.83, a dazzling 24.2% increase year-over-year. This company knows how to hit those high notes!

Valuation Jam

Now, let's talk about ADP's valuation. It's currently grooving to a forward price-to-earnings ratio of 22.04, which is slightly above the average P/E ratio for the S&P 500. But remember, ADP ($Automatic Data Processing Inc(ADP)$) is like the rockstar of high-quality companies, and it's known for its killer performances. So, it's no surprise that investors are willing to pay a bit more for a front-row seat.

Future Riffs

Here's what's tuning ADP's guitar strings for the future:

1. Economic Outlook: ADP's fortunes are closely tied to the economy's rhythm. If the economy keeps grooving, ADP's demand will follow suit.

2. Competitive Beats: ADP may have some rivals, but it's like the Rolling Stones of the payroll world. Its strong brand and loyal customer base keep it headlining the show.

3. Techno Remix: ADP's investing heavily in tech, ensuring it's not just a classic but also a chart-topping hit.

Dividend Delight

ADP isn't just about making your portfolio dance; it's also about delivering consistent dividends. This company has been raising its dividend for 48 consecutive years, making it one of the longest-running shows in the S&P 500. The annual dividend of $5.00 per share is like the encore that keeps on giving, with a current dividend yield of 1.96%.

Mark your calendars because the next dividend payment is scheduled for September 15, 2023. But here's the kicker: the ex-dividend date is September 8, 2023. If you're late to the party, you might miss out on this sweet dividend tune.

ADP: A 48-Year Dividend Aristocrat Reign

Dividend Aristocrat

ADP ($Automatic Data Processing Inc(ADP)$) isn't just a rockstar; it's a dividend aristocrat! That means it's been showering investors with dividend love for at least 25 consecutive years. If you're into long-term income, ADP's got your back.

Financial Fireworks

Now, let's hit those financial high notes:

• Revenue: ADP's revenue in the most recent fiscal year was a thundering $132.8 billion, up 10.6% year-over-year.

• Earnings per share: ADP's earnings per share in the most recent fiscal year hit $8.83, a killer 17.2% increase year-over-year.

• Free cash flow: ADP's free cash flow in the most recent fiscal year was a staggering $6.4 billion, rocking an 18.3% year-over-year increase.

• Debt-to-equity ratio: ADP's debt-to-equity ratio is a low-key 0.45, indicating it's not getting too carried away with borrowing.

• Return on equity: ADP's return on equity is a blazing 24.5%, showing it knows how to give investors a great return on their investment.

In conclusion, ADP is more than just a payroll giant; it's a dividend rockstar that's here to stay. With a solid track record, a rocking dividend, and a chart-topping performance in the financial arena, ADP continues to deliver the hits. So, if you're ready to add some rock 'n' roll to your investment portfolio, ADP ($Automatic Data Processing Inc(ADP)$) is your backstage pass to financial success. Get ready to rock and roll! 🎸🎤🤘

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