Paychex dividend history

Paychex's dividend was $4.43 a share in fiscal 2026, up 10.2% on the year before. That was 90.3% of net income. It has raised its dividend per share every year since fiscal 2011.

Dividends, buybacks and capital spending

FY2027 Q1 TTM

Buybacks (TTM): $451M
Dividends (TTM): $1.6B
Returned to shareholders: 103%; of free cash flow
Buybacks, last 3 fiscal years: $885M
Diluted share count: −0.9%; year over year
Total shareholder yield: 5.0%; dividends 4.0% + buybacks 1.1% of market value
Dividend payout ratio: 90%; of net income paid out
Sales & admin spending: 35.2%; of revenue

Dividends by fiscal year

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Paychex: dividends by fiscal year, annual
Fiscal year	2010May 2010	2011May 2011	2012May 2012	2013May 2013	2014May 2014	2015May 2015	2016May 2016	2017May 2017	2018May 2018	2019May 2019	2020May 2020	2021May 2021	2022May 2022	2023May 2023	2024May 2024	2025May 2025	2026May 2026	LTMAug 2026
Dividend per share	$1.24	$1.24	$1.27	$1.31	$1.40	$1.52	$1.68	$1.84	$2.06	$2.30	$2.48	$2.52	$2.77	$3.26	$3.65	$4.02	$4.43	—
Dividend per share growth	—	0.0%	+2.4%	+3.1%	+6.9%	+8.6%	+10.5%	+9.5%	+12.0%	+11.7%	+7.8%	+1.6%	+9.9%	+17.7%	+12.0%	+10.1%	+10.2%	—
Dividends paid	449	449	461	477	511	552	607	662	740	827	889	909	1,000	1,175	1,315	1,449	1,590	1,625
Share buybacks	—	—	0	0	250	182	108	166	143	57	172	156	145	0	169	105	611	451
Dividends ÷ net income	94.0%	87.1%	84.0%	83.8%	81.4%	81.8%	80.1%	80.2%	74.4%	79.9%	81.0%	82.8%	71.8%	75.5%	77.8%	87.4%	90.3%	90.0%
Dividends ÷ free cash flow	81.6%	73.0%	74.6%	82.7%	64.1%	69.6%	65.9%	76.5%	65.9%	72.0%	67.7%	79.6%	68.7%	75.2%	75.8%	84.8%	68.5%	80.6%

Dividend per share is the amount declared for the fiscal year as stated in the company's filings (including any special dividend), restated for stock splits and checked against the cash dividends paid. Dividends paid and buybacks are cash amounts; the last-twelve-months column can include an extra payment when a quarter-end date moves.

Recent dividend announcements

October 15, 2026 Paychex Declares Quarterly Dividend Source

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Figures from Paychex's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Paychex.