Automatic Data Processing Inc. (ADP) announced that its Board authorized the purchase of $6 billion of its common stock. This authorization replaces in its entirety the previous 2022 authorization to purchase $5 billion of its common stock. ADP had about 403 million common shares outstanding as of December 31, 2025.
The company has declared a regular quarterly dividend of $1.70 per share payable April 1, 2026 to shareholders of record on March 13, 2026.
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May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.