The company has grown its diluted earnings per share from $2.4 in 2010 to $5.24 in 2019, representing a compounded annual growth rate (CAGR) of 8.1%. Automatic Data Processing has a long history of paying and raising its dividend. Final thoughts. 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. Based on the current share price, the stock has a price-to-earnings ratio of 27.7. And, the company has continued to increase its dividend annually every year since. 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. ADP Stock has grown from $5 in January 1990 to $178 as of January 2020. Dividend Aristocrats (Sorted by Dividend Yield) Here are the 65 S&P 500 Dividend Aristocrats sorted by dividend yield from highest to lowest. So they have both a reliable history of paying a dividend (25 years uninterrupted!) In 2014, ADP spun off its human capital management business, which now trades as CDK Global (CDK). 2020 - Total number of Aristocrats: 65. The index is equally weighted, and rebalanced every quarter. 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. It has approximately 800,000 clients, in more than 140 countries worldwide. 2020 - Total number of Aristocrats: 65. Margin expansion is expected between 100 bps to 125 bps and overall earnings per share growth of 12% to 14%. This gives it a wide economic “moat”, a term popularized by investing legend Warren Buffett. This list of stocks is officially tracked by the ratings company. The company’s excellent dividend growth track record is the result of its reliable business model. And, as the economy expands, companies are adding employees and increasingly use ADP’s services. Its most recent increase came in November 2019, when the company implemented another very strong 15% raise. Click here to download your Dividend Aristocrats Excel Spreadsheet List now. A dividend aristocrat is a company that not only pays a dividend consistently but continuously increases the size of its payouts to shareholders. Human Resources Outsourcing is the fastest growing segment growing at 8% annually, while HR in the US is expected to grow by 4% annually and HR international at 6%. The annual forward dividend is the most recent quarterly dividend approved by ADP’s board of directors. These ... McDonald’s Stock is a member of the elite S&P 500 Dividend Aristocrats index. The aristocrats are ... General Dynamics Stock is a member of the elite S&P 500 Dividend Aristocrats index. This number of annual dividend increases makes ADP a Dividend Aristocrat. A valuation premium to the S&P 500. In fact, ADP is the only Dividend Aristocrat in the information technology sector. The company maintains a large list of customers, and holds a top position in the industry. Over the last decade, ADP Stock has gained 509% handily beating the performance of the S&P 500 which has gained 198%. In its 2019 annual report, the company states cash from operations equals $923 million while capital expenses totaled $290 million. PEO is the fastest growing segment growing revenues at a compounded annual growth rate (CAGR) of 14% while ES is at 5%. Instead, future returns will be generated from earnings growth and dividends. We see fair value for ADP at 22 times earnings, which is a meaningful discount to the current valuation. They are: Pillar #1: HCM Solutions provides cloud-based software helping employers of all sizes hire employees. This is about 20 basis points higher than the dividend yield paid by the S&P 500 index. This helps insulate ADP from the effects of a recession. 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. With more than four consecutive decades of dividend increases, Automatic Data Processing (ADP) is one of my favorite dividend aristocrats. Stocks Analysis by Brian Bollinger covering: S&P 500, Automatic Data Processing Inc. Read Brian Bollinger's latest article on Investing.com However, a general market correction of 10% would present significant buying opportunities for long term investors. ADP: Growth-Minded Dividend Aristocrat; ADP stock might not appeal to value investors, but the company’s strong growth helps offset a high valuation. ADP has produced strong growth in recent years and we expect that will continue. According to its Investor Relations site, the company has grown its dividend from 8 cents per share in 1990 to $3.28 in 2019. But ADP stock would be an attractive buy on any meaningful pullback in the share price, which would result in a lower valuation and higher dividend yield. Net income grew 15% coming in at $582 million implying a net profit margin of 16.6%. 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. Employing 58,000 people, ADP’s business strategy is based on 3 key pillars. A dividend payout ratio of 69% is neutral; we would consider this dividend easy to maintain and safe for investors to trust. 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. ADP is a strong business. Information Technology. 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. What’s also interesting is interest earned on clients’ cash held with ADP grew 13% to $134 million. Updated on November 22nd, 2019 by Josh Arnold. Industrials. ADP's dividend yield, history, payout ratio, proprietary DARS™ rating & much more! Dividend Aristocrats are some of the best dividend growth stocks you will find in any stock market. The poor spend their money and invest what is left.”. Rock-solid dividend aristocrats you can bank on. The Dividend Aristocrats List and Index (2015) Now, you may be wondering which these companies actually are? S&P Dow Jones Indices published the most recent dividend aristocrat list on … Dividend Aristocrats are S&P 500 stocks that have increased their dividend payouts for 25 consecutive years or more. ADP stock is overqualified for that title. Automatic Data Processing (ADP) belongs in the S&P 500 Dividend Aristocrats group. Automatic Data Processing, or ADP for short, has raised its dividend each year for 42 years in a row. We forecast adjusted earnings-per-share of approximately $6.16 for fiscal 2020. In the last decade, ADP has out performed S&P 500 by 79%. Since the 2008 financial crisis, the S&P 500 Dividend Aristocrat list has evolved as follows: . ADP's dividend yield, history, payout ratio, proprietary DARS™ rating & much more! ADP has raised its dividend each year for 45 years in a row. Automatic Data Processing pays an annual dividend of $3.72 per share, with a dividend yield of 2.20%. 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%. Please send any feedback, corrections, or questions to support@suredividend.com. Rarely do investors find a combination of strong growth prospects and recession resilience, along with a world-class dividend increase streak. The strongest gains continue to accrue from the PEO Services segment, and we believe ADP will produce 8% earnings-per-share growth annually in the coming years. Stay on top of your next investment decision with the Dividend Snapshot US Aristocrats List. 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 produced strong growth in recent years and we expect that will continue. 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. The list includes the US Dividend Aristocrats and Kings. The Dividend Aristocrats is S&P500 list of stocks that have increased their dividend payouts for at least 25 consecutive years. The company has increased its shareholder payout each year for the past 41 years. ADP Dividend History. There are 64 Dividend Aristocrats. 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. ADP is a member of the S&P 500 Dividend Aristocrats index since it has raised its dividends for 45 years in a row, without missing a single year. It is known as a dividend aristocrat, which means it has been increasing dividends for more than 25 years consecutively. In addition, the stock has a current dividend yield of 2.1%. Database of Dividend Aristocrats stocks comes from ProShares S&P 500® Dividend Aristocrats. Automatic Data Processing (ADP) is a dividend aristocrat that has increased its dividend for 41 straight years. This number sits at a healthy 7% clip. As a global company, ADP is uniquely positioned to help companies with employees on multiple continents. S&P500 US Dividend Aristocrats Requirements. The good news is that the company is growing at a high enough rate that it could help justify something close its current valuation. Within this list is a subset of companies known as Dividend Kings. ADP has an above-average dividend yield and the company raises its dividend at a high rate. ADP's most recent quarterly dividend payment was made to shareholders of record on Friday, January 1. 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. ADP has raised its dividend each year for 45 years in a row. During the great financial crisis of 2008, the stock dropped 35% from peak of $44 to trough of $29. ADP Stock is in red line versus the S&P 500 which is in blue. Both segments produced gains as Employer Services saw its top line increase 4% and PEO Services’ revenue rose 8%. 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. ADP’s growth is fueled by many competitive advantages. ... My ADP holding is quite small at only 0.18% of portfolio value. Dividend Payout Ratio measures how much of a company’s free cash flow is paid out in the form of dividends. McDonald’s Stock is a member of the elite S&P 500 Dividend Aristocrats index. Multiplied by the number of times a year the company pays its dividend. Here is a list of all dividend aristocrats in 2014. This article will review ADP’s fundamentals and discuss whether the stock is trading at an attractive enough valuation to buy now. To qualify for membership in the S&P 500 Dividend Aristocrats index, a stock must satisfy the following criteria: As a result, investors cannot rely on an expanding price-to-earnings ratio to fuel shareholder returns. 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. This rise is at a compounded annual growth rate (CAGR) of almost 13% which is just spectacular! According to its Investor Relations site, the company has grown its dividend from 8 cents per share in 1990 to $3.28 in 2019. 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. Rapidly advancing technology makes building a durable competitive advantage in the IT sector difficult. A Dividend Aristocrat is a stock with 25 years or more of consecutive dividend increases and is part of the S&P 500. Measuring the Dividend Payout Ratio of ADP Stock, Stock’s Valuation versus S&P 500 Technology (XLK), Investing in Emerson Stock, a 64 Year Dividend Aristocrat, General Dynamics Stock, a 28 Year Dividend Aristocrat, Kimberly Clark Stock, a 47 Year Dividend Aristocrat, McDonald’s Stock, a 40 Year Dividend Aristocrat, Best Dividend Stocks in S&P 500 Industrials (XLI) – Download Excel Spreadsheet. The S&P Dividend Aristocrats Stocks List is a group of companies that have paid and increased dividends for 25 years or more. These are elite blue chip dividend paying stocks that have raised their cash dividends for at least 25 years, without missing a single payment. Total revenue gained 6% to $3.5 billion while adjusted earnings before interest and taxes, or EBIT, increased 8% to $745 million. ADP stock is … Dividend.com: The #1 Source For Dividend Investing. The company has increased its shareholder payout each year for the past 41 years. 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%. Two key growth catalysts for ADP are continued increases in payrolls, and regulation. The following section ranks our top 7 Dividend Aristocrats to buy today, based on expected annual returns through 2025. This ... Kimberly Clark Stock is a member of the prestigious S&P 500 Dividend Aristocrats index. We think the stock is too expensive given this valuation and investors should not chase it up here. ADP pays an annual forward dividend of $3.72 per share. This represents a compounded annual growth rate (CAGR) of 13.2% which is truly stunning. A Dividend Aristocrat is a company in the S&P 500 index that has paid increasing dividends for at least 25 years. They are very popular amongst dividend investors as they have historically outperformed the S&P500 index and are less volatile than average. Today, the company is one of the top cloud-based human capital management companies with 810,000 customers in 140 countries. Although ADP is a highly consistent dividend growth stock, its mid-single-digit expected total returns make the stock a hold. This includes the following 7 new additions. Companies in XLK usually command a higher valuation than the broader market and this is also true for ADP. ADP: One of the Fastest-Growing Dividend Aristocrats April 19, 2019 Automatic Data Processing (ADP) was founded in 1949 and is one of the largest providers … Wal-Mart Stores WMT 145.92 0.49 (0.3%) Market Cap: 412.1 Billion. 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. Its most recent increase came in November 2019, when the company implemented another very strong 15% raise. 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. Dividend.com: The #1 Source For Dividend Investing. On the right side of the screenshot shows performance of ADP Stock versus the S&P 500. During the great financial crisis of 2009, ADP slowed its dividend raises to low single digits. ADP has raised its dividend each year for 45 years in a row. 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. The payout for fiscal 2019 is $3.64 per share after the November 2019 increase. The copmany’s long-term earnings per share are shown in the image below: Source: Ycharts. Pillar #3: Global Solutions is expanding ADP’s operations globally and currently operats in 140 countries. 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. It significantly out performed the drop experienced by the S&P 500 which was 56%. Find the latest dividend history for Automatic Data Processing, Inc. Common Stock (ADP) at Nasdaq.com. ADP’s revenue per share and earnings per share increased each year from 2007 to 2009, throughout the recession. Income investors favor Dividend Aristocrats because the companies are solid long-term holdings with predictable, safe, and growing dividend payments. Not surprisingly, ADP scores extremely well for Dividend Safety and Dividend Growth and is the type of business I like to own in our Top 20 Dividend Stocks portfolio. Also to note, Sherwin-Williams’ second-quarter payment (June) sometimes pays at the end of May. 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. Automatic Data Processing, or ADP for short, has raised its dividend each year for 42 years in a row. Here is what we like and don’t like about Automatic Data Processing (ADP) Stock. In the 70 years since, ADP has grown into the leading payroll and human resource outsourcing company. Employer Services segment grew revenues 4% while PEO grew revenues at 8%. The company announces annual dividend increases in November, with the stock going ex-dividend in December. I'm an employee of a company that uses ADP Forms W2, 1099, etc., Payroll, Passwords and more. We expect ADP to grow earnings-per-share by 8% annually over the next five years. 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! Dividend Aristocrats paying in March, June, September, December. S&P500 US Dividend Aristocrats Requirements. Indeed, ADP’s moat keeps competitors at bay, and leads to high levels of profitability. There are 64 Dividend Aristocrats. Then for the first time increased the dividend in 1975. This streak qualifies ADP as a Dividend Aristocrat. We expect ADP to produce $6.16 in earnings-per-share for fiscal 2020. 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. Dividend Aristocrat #7: Federal Realty Investment Trust (FRT) 5-year Expected Annual Returns: 10.4% 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. Since the 2008 financial crisis, the S&P 500 Dividend Aristocrat list has evolved as follows: . The Canadian Dividend Aristocrat list serves as a screen for further investigating a stock for a dividend growth portfolio. ADP Stock last raised its annual dividend by 15% on November 12th, 2019 to $3.64 per share. ADP has grown its dividend each year since 1976 and became a Dividend Aristocrat in 2000. For the Dividend Aristocrats, they need to participate in the economy of the United States, but not be headquartered here. Its most recent increase came in November 2019, when the company implemented another very strong 15% raise. Thanks for reading this article. The company recently reported fiscal 2020 first-quarter earnings, which was another terrific quarter. Finding great dividend stocks is hard work. Trading on the New York Stock Exchange, ADP has a market capitalization of $76.24 billion and pays a 2% dividend yield. This Dividend Aristocrat is a steal, too, at just 9 times forward earnings estimates. Each stock has increased its annual dividend 25 or more consecutive years. In its Investor Presentation, the company gives a top line overview of its operations. There are 60 symbols in this channel. Dividend payout ratio of 69% which leaves room for future dividend growth, smart acquisitions and share repurchases. 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. Next, the increasingly complex regulatory environment creates significant compliance costs for businesses; this also helps provide ADP with steady growth. 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. Automatic Data Processing (ADP) Valuation Automatic Data Processing’s current dividend yield of 2.06% is -2% below its 5-year average. 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. Sorted by Market Cap High to Low. The Dividend Aristocrats Index is a list of 50 stocks that have consecutively increased their dividend payments for at least 25 years. ADM has a laudable dividend growth streak as far as Dividend Aristocrats go, at 46 consecutive years. Emerson Stock is a member of the prestigious S&P 500 Dividend Aristocrats. 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. ADP provides a screenshot of compounded annual growth rate (CAGR) for its revenues over the last 10 years. 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