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Paychex Raises Dividend by 43% and Announces $1 Billion Stock Repurchase Program

Paychex, Inc. (NASDAQ:PAYX) raised its dividend by 43%, from $.21 per share to $.30 per share, and announced a stock repurchase of up to $1.0 billion. The company commented “We don’t believe there’s any better investment than ourselves.” Paychex, Inc. is a leading provider of payroll, human resource, and benefits outsourcing solutions for small- to [...]

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