Paychex Inc. said Thursday it is raising its quarterly dividend by 10% to 46 cents a share. The new payment will be made August 25 to shareholders of record as of August 1. The payroll software company said its board has approved a share buyback program of up to $350 million. Shares were slightly higher in premarket trade and are up 15% in the year so far, while the S&P 500 has gained 2.7%.
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