Automatic Data Processing: Dividend Growth With Operational Leverage
ADPADP(ADP) Seeking Alpha·2024-09-06 05:28

NicoElNino It's been almost 6 months since I last wrote about Automatic Data Processing, Inc. (NASDAQ:ADP). During this time, it has delivered a total return to its shareholders of 11.88% compared to the 5.76% provided by the S&P 500. Several things have happened over these months, but the most important one, and the focus of today's article, is reviewing its annual results and future prospects. Thesis Review If we recall a bit from what I mentioned in my previous article about the company, I said that ADP ...