Paychex inc. said Thursday it is raising its quarterly dividend by 11% to 42 cents a share from 38 cents. The new dividend will be payable Aug. 20 to shareholders of record as of Aug. 3. Shares of the payroll and benefits outsourcing firm were not yet active in premarket trade, but are up 2.5% in the year so far, while the S&P 500 has fallen 0.6%.
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