Laser Focus World is an industry bedrock—first published in 1965 and still going strong. We publish original articles about cutting-edge advances in lasers, optics, photonics, sensors, and quantum technologies, as well as test and measurement, and the shift currently underway to usher in the photonic integrated circuits, optical interconnects, and copackaged electronics and photonics to deliver the speed and efficiency essential for data centers of the future.

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Editorial Advisory Board

  • Professor Andrea M. Armani, University of Southern California
  • Ruti Ben-Shlomi, Ph.D., LightSolver
  • James Butler, Ph.D., Hamamatsu
  • Natalie Fardian-Melamed, Ph.D., Columbia University
  • Justin Sigley, Ph.D., AmeriCOM
  • Professor Birgit Stiller, Max Planck Institute for the Science of Light, and Leibniz University of Hannover
  • Professor Stephen Sweeney, University of Glasgow
  • Mohan Wang, Ph.D., University of Oxford
  • Professor Xuchen Wang, Harbin Engineering University
  • Professor Stefan Witte, Delft University of Technology

Paychex Declares 20% Increase in Quarterly Dividend

Paychex, Inc. (Nasdaq: PAYX), a leading provider of integrated human capital management software solutions for human resources, payroll, benefits, and insurance services, today announced that its board of directors approved a $.13 increase in the company’s regular quarterly dividend, an increase of 20 percent. The dividend will increase from $.66 per share to $.79 per share and is payable May 26, 2022 to shareholders of record May 12, 2022.

“The decision by the board to increase the quarterly dividend reflects the company’s strong year-to-date results, financial strength, and commitment to returning cash to shareholders,” said Martin Mucci, Paychex chairman and CEO. “Our strong results this fiscal year have allowed us to make investments in the business to support our long-term growth as well as return capital to our shareholders, consistent with our long-term capital allocation strategy.”

With this increase, Paychex will return $1 billion in dividends to shareholders in Fiscal 2022.

About Paychex

Paychex, Inc. (Nasdaq: PAYX) is a leading provider of integrated human capital management software solutions for human resources, payroll, benefits, and insurance services. By combining its innovative software-as-a-service technology and mobility platform with dedicated, personal service, Paychex empowers small- and medium-sized business owners to focus on the growth and management of their business. Backed by 50 years of industry expertise, Paychex served more than 710,000 payroll clients as of May 31, 2021 in the U.S. and Europe, and pays one out of every 12 American private sector employees. Learn more about Paychex by visiting paychex.com and stay connected on Twitter and LinkedIn.

Contacts

Investor Relations

Efrain Rivera

Senior Vice President, Chief Financial Officer and Treasurer

585-385-6666

Terri Allen

585-383-3406

Media

Lisa Fleming

Manager, Public Relations

Paychex, Inc.

(585) 387-6402

lfleming@paychex.com

@Paychex

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