ADP raises quarterly cash dividend to 93 cents a share vs. 91 cents

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Automatic Data Processing Inc. said Wednesday its board has approved an increase in its quarterly cash dividend to 93 cents a share from 91 cents. The new dividend will be payable Jan. 1, 2021 to shareholders of record as of Dec. 11. Shares rose 2.5% premarket and up 09.3% in the year through Tuesday’s close, while the S&P 500 has gained 9.7%.
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