ADP Increases Dividend for 24th Consecutive Year.ROSELAND, N.J.--(BUSINESS WIRE)--Nov. 11, 1997--The board of directors of Automatic Data Processing Same as data processing. , Inc. voted a 15% increase in its cash dividend to a new annual rate of 53 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. , Arthur F. Weinbach, president and chief executive officer, announced today. The new quarterly dividend of 13.25 cents per share will be paid on January 1, 1998 to shareholders of record on December 12, 1997. The previous quarterly dividend rate was 11.5 cents per share. The new cash dividend marks the 24th consecutive year in which the company has increased its dividend. ADP (1) (Automatic Data Processing) Synonymous with data processing (DP), electronic data processing (EDP) and information processing. (2) (Automatic Data Processing, Inc., Roseland, NJ, www.adp. , with over $4 billion in revenue and more than 400,000 clients, is one of the largest independent computing services firms in the world. CONTACT: Arthur Schmidt & Associates, Inc., New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of (212) 953-5555 |
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