(RTTNews) - Paychex, Inc. (PAYX), a human capital management solutions provider, Friday announced that it has been authorized to repurchase up to $1 billion of its common stock.
This is a new authorization that replaces the prior 2024 authorization to repurchase $400 million.
Additionally, the company has declared a regular quarterly cash dividend of $1.08 per share, payable on February 27, 2026, to shareholders of record as of January 28, 2026.
In early morning trade, PAYX shares were trading at $110.78, up 0.24% on the Nasdaq.
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