Automatic Data Processing (ADP) Stock

Right now, pre-market futures are stable, showing no significant changes in the major indexes, which are neither up nor down by 0.1%. We have to wait until tomorrow for the early morning jobs report, starting with the private-sector payrolls for November from Automatic Data Processing (ADP).

ROSELAND, N.J., Dec. 3, 2024 /PRNewswire/ -- ADP (Nasdaq: ADP), a top global technology firm offering human capital management (HCM) solutions, has announced that it will speak at the Nasdaq Investor Conference in London on Tuesday, December 10 at 3:00 a.m.

This week marks the last Jobs Week of 2024, which is especially significant for the Federal Reserve as they will base some of their future monetary policy decisions on the state of the U.S. job market. Last month, there was a big difference between the private-sector job numbers from ADP, which reported an increase of 233,000 jobs, and the U.S. government's Employment Situation report, which showed only 12,000 new jobs.

Experts provide guidance and resources to assist employers in understanding HR trends and priorities for the upcoming year. In 2025, the workplace will keep evolving due to advancements in generative artificial intelligence (AI), employee skill development, and well-being, as well as new laws regarding AI and pay transparency.

ADP is a top company in human capital management solutions, which makes it a stable choice for investors. Its recent results showed strong growth in revenue and earnings per share, thanks to gaining new clients, keeping existing ones, and earning good interest on client funds. Additionally, ADP has a 50-year history of increasing dividends and a steady share buyback program, providing extra benefits for long-term investors.

Automatic Data Processing raised its dividend by 10% earlier this month, earning it a spot among the respected Dividend Kings. The company's revenue and adjusted diluted earnings per share for fiscal Q1 were better than what analysts had predicted. Additionally, ADP has a very strong financial position.

These companies have consistently raised their dividends for 50 years or more.

According to research by Harford Funds, companies that increase their dividends tend to perform better than those that do not, and they also experience much less price fluctuation.

On November 6, 2024, in Roseland, New Jersey, ADP's board of directors decided to raise the quarterly cash dividend by $0.14, bringing the annual rate to $6.16 per share. This announcement was made by Maria Black, who is the President and CEO of ADP.