Automatic Data Processing Increases Cash Dividend 17%; Marks 27th Consecutive year of Dividend Increases.Business & Technology Editors ROSELAND, N.J.--(BUSINESS WIRE)--Nov. 14, 2000 The board of directors of Automatic Data Processing Same as data processing. , Inc. (NYSE NYSE See: New York Stock Exchange :AUD AUD In currencies, this is the abbreviation for the Australian Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ) approved a 17% increase in the cash dividend to an annual rate of 41 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, chairman and chief executive officer, announced today. The increased dividend will be distributed on January 1, 2001 to shareholders of record December 11, 2000. The new quarterly dividend of 10.25 cents per share compares with the previous quarterly dividend rate of 8.75 cents per share. The increased cash dividend marks the 27th consecutive year in which the company has raised 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 $6 billion in revenue and more than 500,000 clients, is one of the largest independent computing services firms in the world. This release contains "forward-looking statements" based on management's expectations and assumptions and are subject to risks and uncertainties that may cause actual results to differ from those expressed. Factors that could cause differences include: ADP's success in obtaining, retaining and selling additional services to clients; the pricing of products and services; changes in laws regulating payroll taxes and employee benefits; overall economic trends, including interest rate and foreign currency trends; stock market activity; auto sales Auto Sales The major producers of domestic automobiles report sales monthly. These numbers are seasonally adjusted by the U.S. Department of Commerce and are available to the public one to five business days after the end of each month. and related industry changes; employment levels; changes in technology; availability of skilled technical associates; the impact of new acquisitions, and the ultimate realization of ADP's investment in Bridge Information Systems, Inc. ADP disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise. |
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