Paychex DRIP Rating:
Quick Takeaway:

Paychex offers an excellent DRIP plan for DRIP investors. All cash purchase and dividend reinvestment fees are paid by the company and optional cash purchases can be made on a daily

Ticker Symbol: PAYX Exchange: NYSE

Investor Contact Information:
Transfer Agent: American Stock Transfer & Trust
Mail: 6201 15th Avenue
Brookly, NY 11219
Phone: 877-665-4223
IR website

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2012 2013 2014 2015 2016 2017
Dividend $1.29 $1.36 $1.46 $1.60 $1.76 $1.92
Annual Increase 3.2% 5.4% 7.4% 9.6% 10.0% 9.1%
DRIP Plan Summary: Fees/Investment Options
Consecutive Years of Higher Dividends: 7
Purchase Fee: None (paid by Paychex)
Dividend Reinvestment Fee: None (paid by Paychex)
Discount on Reinvested Dividends: None
Direct Enrollment (DE): Yes
DE Minimum Investment: $250
Optional Cash Purchase: Yes
OCP Minimum: $100
OCP Maximum: $10,000/transaction
OCP Purchase Frequency: Daily
Transfer Agent: American Stock Transfer