On 6 November, Automatic Data Processing (ADP) increased its quarterly dividend by 10%, from $1.40 to $1.54 per share.
The dividend will be paid on 1 January 2025 to shareholders of record on 13 December 2024. The ex-dividend date is 13 December 2024.
ADP’s contribution to DivGro’s projected annual dividend income will increase by $56 to $616.
I own 100 shares of ADP at an average cost basis of $154.10 per share. Following this increase, my yield on cost is 4.00%. (ADP’s forward yield is 2.02% at $304.85 per share).
Since I opened my ADP position in February 2020, the stock has produced total returns of 111%, including $1,966.30 in dividend income. That’s an outstanding annualized rate of return of 18.8%!
ADP just became DivGro’s 53rd Home Run stock when it doubled my original capital outlay.
5-Year History of Dividend Payouts by Ex-Date
| 2019 | 2020 | 2021 | 2022 | 2023 | • | 2024 |
| $3.28 | $3.66 | $3.83 | $4.37 | $5.15 | ⬆ | $5.60✝ |
| 17.14% | 11.59% | 4.64% | 14.10% | 17.85% | ⬇ | 8.74% |
| 5-year DGR: | 12.96% | ⬇ | 11.29% | |||
✝projected, assuming no further changes