Automatic Data Processing Inc. said Tuesday it will raise its quarterly dividend by 4 cents a share, or 8.2%, to 53 cents a share. The new dividend will be payable on Jan. 1, 2016 to shareholders of record on Dec. 11. At current share prices, the new annual dividend of $2.12 a share would represent an annual dividend yield of 2.45%, compared with the S&P 500 dividend yield of 2.12%, according to FactSet. The human resources consultant's stock, which was down 0.3% in afternoon trade, has gained 3.7% year to date, while the S&P 500 has tacked on 1%.
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