Automatic Data Processing (ADP), Intuit (INTU): A Smart Dividend Stock

As you can see, ADP’s dividend growth slowed slightly during the 2008 recession, as many companies that focused on serving business customers fell prey to the recession’s impact. But since then, ADP has started to boost its dividend more sharply again, with its most recent increase amounting to more than a 10% gain.

When will dividends rise again?
Since ADP’s most recent dividend increase was back in December, investors will likely have to wait six months or longer for another jump in the payouts they receive. But with strong leadership at ADP’s helm and some signs of the economy growing again, Automatic Data Processing (NASDAQ:ADP) appears to be on an accelerating track to make dividend investors happy for years to come.

The article ADP: A Smart Dividend Stock originally appeared on Fool.com.

Fool contributor Dan Caplinger has no position in any stocks mentioned. You can follow him on Twitter @DanCaplinger. The Motley Fool recommends Automatic Data Processing and Paychex. It recommends and owns shares of Intuit.

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