Automatic Data Processing, Inc.
ADP42 yrs growthTechnology · Software - Application · Stock · quarterly payer
Forward Yield
2.26%
Annual Dividend
$6.80
Payout Ratio
61%
5-Yr Growth
11.5%
Ex-Date
Sep 11, 2026
Frequency
Quarterly
Key facts about ADP's dividend
Data as of · Source: SmarterDividends data
- As of Oct 27, 2026, Automatic Data Processing, Inc. (ADP) has a forward dividend yield of 2.26%, based on an annual dividend of $6.80 per share and a share price of $301.12.
- As of Oct 27, 2026, ADP's dividend safety grade from SmarterDividends is A (94 out of 100), which rates the dividend as very safe.
- By SmarterDividends' count, Automatic Data Processing, Inc. (ADP) has raised its dividend for 42 consecutive years as of Oct 27, 2026, which makes it a Dividend Aristocrat by the 25-year definition.
- ADP has never cut its regular dividend in the payment history SmarterDividends has on record.
- ADP's most recent ex-dividend date was Sep 11, 2026, for a dividend of $1.70 per share.
- As of Oct 27, 2026, ADP pays out 61% of its trailing 12-month earnings as dividends (its payout ratio).
- ADP's dividend has grown at an average rate of 11.5% a year over the past five years.
- As of Oct 27, 2026, SmarterDividends' blended fair-value estimate for ADP is $263.79 per share, 12% below the $301.12 share price, so ADP screens as fairly valued.
- Automatic Data Processing, Inc. (ADP) pays its dividend quarterly, 4 times a year.
- Automatic Data Processing, Inc. (ADP) has raised its regular dividend 46 times and cut it 1 time across the 175 payments on record since 1983. Its most recent change was a 10.4% increase to $1.70 per share, going ex-dividend on Dec 12, 2025. The last cut went ex-dividend on Mar 10, 1999.
- Automatic Data Processing (ADP) has declared its first higher dividend of the year in November in 5 of the last 5 years; its most recent raise, 10.4%, was declared on Nov 12, 2025.
Cite this page
SmarterDividends, "ADP Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 27, 2026, https://smarterdividends.com/stocks/ADP
Summary
As of Oct 27, 2026, Automatic Data Processing, Inc. (ADP) yields 2.26% ($6.80 a year per share), has a dividend safety grade of A (94/100) and has 42 consecutive years of dividend increases on record.
Is ADP a good dividend stock?
YesAutomatic Data Processing, Inc. (ADP) pays a quarterly dividend yielding 2.26% ($6.80/yr), with 42 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- Dividend Aristocrat — 42 consecutive years of growth
- Never cut its dividend on record
- Strong 11.5% 5-yr dividend growth
- Top-tier dividend safety score
Risks
- Single-stock concentration risk — diversify
Key Data
- Dividend Yield
- 2.26%
- Payout Ratio
- 61%
- Annual Dividend
- $6.80
- 5-Yr Avg Growth
- 11.5%
- Ex-Dividend Date
- Sep 11, 2026
- Years of Growth
- 42
- Frequency
- quarterly
- Beta
- 0.84
- Market Cap
- $119.3B
- P/E Ratio
- 27.5
- 5-Yr Total Return
- 32%
- 52-Week Range
- $188.16 – $309.40
- Dividend Safety
- A · 94/100
- Ever Cut?
- No
ADP dividend raises and cuts
Automatic Data Processing, Inc. (ADP) has raised its regular dividend 46 times and cut it 1 time across the 175 payments on record since 1983. Its most recent change was a 10.4% increase to $1.70 per share, going ex-dividend on Dec 12, 2025. The last cut went ex-dividend on Mar 10, 1999.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Dec 12, 2025 | Raise | $1.54 → $1.70 | +10.4% |
| Dec 13, 2024 | Raise | $1.40 → $1.54 | +10.0% |
| Dec 7, 2023 | Raise | $1.25 → $1.40 | +12.0% |
| Dec 8, 2022 | Raise | $1.04 → $1.25 | +20.2% |
| Dec 9, 2021 | Raise | $0.930 → $1.04 | +11.8% |
| Dec 10, 2020 | Raise | $0.910 → $0.930 | +2.2% |
| Dec 12, 2019 | Raise | $0.790 → $0.910 | +15.2% |
| Dec 13, 2018 | Raise | $0.690 → $0.790 | +14.5% |
| Jun 7, 2018 | Raise | $0.630 → $0.690 | +9.5% |
| Dec 7, 2017 | Raise | $0.570 → $0.630 | +10.5% |
| Dec 7, 2016 | Raise | $0.530 → $0.570 | +7.5% |
| Dec 9, 2015 | Raise | $0.490 → $0.530 | +8.2% |
Show all 47 changes since 1984
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Dec 10, 2014 | Raise | $0.421 → $0.490 | +16.3% |
| Dec 11, 2013 | Raise | $0.382 → $0.421 | +10.3% |
| Dec 12, 2012 | Raise | $0.347 → $0.382 | +10.1% |
| Dec 7, 2011 | Raise | $0.316 → $0.347 | +9.7% |
| Dec 8, 2010 | Raise | $0.299 → $0.316 | +5.9% |
| Dec 9, 2009 | Raise | $0.290 → $0.299 | +3.0% |
| Dec 10, 2008 | Raise | $0.255 → $0.290 | +13.8% |
| Dec 12, 2007 | Raise | $0.202 → $0.255 | +26.1% |
| Jun 13, 2007 | Raise | $0.182 → $0.202 | +10.7% |
| Dec 6, 2006 | Raise | $0.147 → $0.182 | +24.3% |
| Dec 7, 2005 | Raise | $0.123 → $0.147 | +19.4% |
| Dec 8, 2004 | Raise | $0.111 → $0.123 | +10.7% |
| Dec 10, 2003 | Raise | $0.0952 → $0.111 | +16.7% |
| Dec 11, 2002 | Raise | $0.0912 → $0.0952 | +4.3% |
| Dec 12, 2001 | Raise | $0.0817 → $0.0912 | +11.6% |
| Dec 7, 2000 | Raise | $0.0698 → $0.0817 | +17.0% |
| Dec 8, 1999 | Raise | $0.0603 → $0.0698 | +15.8% |
| Sep 8, 1999 | Raise | $0.0595 → $0.0603 | +1.3% |
| Mar 10, 1999 | Cut | $0.0603 → $0.0595 | −1.3% |
| Dec 9, 1998 | Raise | $0.0523 → $0.0603 | +15.2% |
| Dec 10, 1997 | Raise | $0.0456 → $0.0523 | +14.8% |
| Dec 11, 1996 | Raise | $0.0397 → $0.0456 | +15.0% |
| Dec 13, 1995 | Raise | $0.0347 → $0.0397 | +14.3% |
| Jun 14, 1995 | Raise | $0.0297 → $0.0347 | +16.7% |
| Jun 7, 1994 | Raise | $0.0258 → $0.0297 | +15.4% |
| Jun 8, 1993 | Raise | $0.0228 → $0.0258 | +13.0% |
| Jun 2, 1992 | Raise | $0.0198 → $0.0228 | +15.0% |
| Jun 11, 1991 | Raise | $0.0173 → $0.0198 | +14.3% |
| Jun 14, 1990 | Raise | $0.0149 → $0.0173 | +16.7% |
| Jun 13, 1989 | Raise | $0.0129 → $0.0149 | +15.4% |
| Jun 14, 1988 | Raise | $0.0109 → $0.0129 | +18.2% |
| Jun 15, 1987 | Raise | $0.0094 → $0.0109 | +15.8% |
| Jun 13, 1986 | Raise | $0.0084 → $0.0094 | +11.8% |
| Jun 11, 1985 | Raise | $0.0077 → $0.0084 | +9.7% |
| Jun 12, 1984 | Raise | $0.0069 → $0.0077 | +10.7% |
Frequently Asked Questions
Is ADP a good dividend stock?
Yes. Automatic Data Processing, Inc. (ADP) pays a quarterly dividend yielding 2.26% ($6.80/yr), with 42 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Is ADP undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, ADP's fair value is about $263.79 versus a $301.12 share price — so it looks fairly valued (-12% vs. fair value).
Is ADP's dividend safe?
ADP has a dividend-safety grade of A (94/100), based on its payout coverage, free-cash-flow, 42-year growth streak, a clean no-cut history, debt and yield-versus-history.
What is ADP's fair value?
Our blended fair-value estimate for ADP is about $263.79 per share, about 12% below the current $301.12 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is ADP a buy, hold, or sell?
We don't issue formal ratings, but on the data ADP screens as "yes" and fairly valued. Automatic Data Processing, Inc. (ADP) pays a quarterly dividend yielding 2.26% ($6.80/yr), with 42 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.
Will ADP cut its dividend?
ADP earns a dividend-safety grade of A (94/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does ADP pay a dividend?
Yes. Automatic Data Processing, Inc. pays a quarterly dividend of about $6.80 per share annually, a forward yield of roughly 2.26%.
What is ADP's dividend yield?
As of Oct 27, 2026, ADP's forward dividend yield is 2.26%, based on a $6.80 annual dividend and a $301.12 share price.
What is ADP's dividend per share?
As of Oct 27, 2026, ADP pays $6.80 per share per year, distributed on a quarterly basis.
What is ADP's dividend payout ratio?
As of Oct 27, 2026, ADP's payout ratio is 61% of trailing 12-month earnings — a moderate level that's generally sustainable.
How many years has ADP grown its dividend?
As of Oct 27, 2026, ADP has increased its dividend for 42 consecutive years.
When is the next ADP ex-dividend date?
As of Oct 27, 2026, ADP's next ex-dividend date hasn't been announced. The most recent was Sep 11, 2026, for $1.70 per share.
ADP Price — Last 12 Months
Daily close
Price Return
1 Year
+19%
3 Years
+32%
5 Years
+32%
52-Week Range
$188.16 – $309.40
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is ADP worth?
Fairly valuedhigh confidenceOur blended fair-value estimate for Automatic Data Processing, Inc. is $263.79 per share, versus a market price of $301.12. That implies the stock is roughly fairly priced.
Fair Value
$263.79
Current Price
$301.12
Gap
-12%
Margin of Safety
-14%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 10.5% annual free-cash-flow growth. We model 10.7% — below our estimate, leaving room for upside if the business executes.
Assumptions: 8.5% discount rate (CAPM), 10.7% growth for five years fading to 2.5% over the next five, $10.94 EPS, $6.80 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
ADP Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full ADP dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 11, 2026 | Oct 1, 2026 | $1.7000 | regular |
| Jun 12, 2026 | Jul 1, 2026 | $1.7000 | regular |
| Mar 13, 2026 | Apr 1, 2026 | $1.7000 | regular |
| Dec 12, 2025 | Jan 1, 2026 | $1.7000 | regular |
| Sep 12, 2025 | Oct 1, 2025 | $1.5400 | regular |
| Jun 13, 2025 | Jul 1, 2025 | $1.5400 | regular |
| Mar 14, 2025 | Apr 1, 2025 | $1.5400 | regular |
| Dec 13, 2024 | Jan 1, 2025 | $1.5400 | regular |
| Sep 13, 2024 | Oct 1, 2024 | $1.4000 | regular |
| Jun 14, 2024 | Jul 1, 2024 | $1.4000 | regular |
| Mar 7, 2024 | Apr 1, 2024 | $1.4000 | regular |
| Dec 7, 2023 | Jan 1, 2024 | $1.4000 | regular |
| Sep 7, 2023 | Oct 1, 2023 | $1.2500 | regular |
| Jun 8, 2023 | Jul 1, 2023 | $1.2500 | regular |
Income Calculator
At $6.80 / yr per share
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