ADP TO SPLIT STOCK 2-FOR-1; INCREASES CASH DIVIDEND.ROSELAND, NJ--(BUSINESS WIRE)--Nov. 14, 1995--The board of directors of Automatic Data Processing Same as data processing. , Inc. voted a two-for-one split of the common stock and a 14% increase in the cash dividend to an annual rate of $.40 on the split shares, Josh JOSH Joshua JOSH Job Scheduling Hierarchically S. Weston, chairman and chief executive officer, announced today. The new shares and the increased dividend will be distributed on January 1, 1996 to shareholders of record December 15, 1995. The new quarterly dividend of 10 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. after the stock split compares with the previous quarterly dividend rate, adjusted for the two-for-one split, of .0875 cents per share. The increased cash dividend marks the 22nd consecutive year in which the company has raised its dividend. Each original share of 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. was sold for $3.00 in ADP's initial public offering in 1961. With the new stock split each original share is equivalent to 288 shares. ADP currently has approximately 144 million common shares outstanding. ADP, with $3 billion in revenue and 350,000 clients, is one of the largest independent computing computing - computer services firms in the world. CONTACT: ARTHUR SCHMIDT & ASSOCIATES, INC. (212) 953-5555 |
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