How Safe Is ADP's Dividend?
Dividend investors like consistency, and Automatic Data Processing (NASDAQ: ADP) has done a good job of treating shareholders well over its long history. The payroll services giant has delivered solid long-term returns and has also built up an impressive track record of boosting its dividends year in and year out, regardless of business conditions. More recently, though, activist investors have been critical of ADP, believing that a transformation in the business is necessary in order for it to meet its full potential going forward. The company itself isn't so certain, but that hasn't entirely reassured some shareholders who fear that future potential challenges could put an end to dividend growth.
Current Quarterly Dividend Per Share
$0.57
Source: Fool.com
Automatic Data Processing Inc Stock
We see a rather positive sentiment for Automatic Data Processing Inc with 8 Buy predictions and 2 Sell predictions.
As a result the target price of 248 € shows a slightly positive potential of 6.57% compared to the current price of 232.7 € for Automatic Data Processing Inc.
