ADP locks in $1.70 dividend and rolls out $6 billion buyback in fresh capital-return push
ADP’s board approved a $1.70 per share quarterly dividend, payable April 1 to shareholders of record as of March 13. The company also authorized a new $6 billion share buyback program, replacing its previous $5 billion plan. ADP shares rose about 0.7% to $260.42 in early trading. The firm has raised its dividend for 51 consecutive years.