Paychex, Inc. (PAYX), a human capital management solutions provider, Friday announced that it has been authorized to repurchase up to $1 billion of its common stock.
This is a new authorization that replaces the prior 2024 authorization to repurchase $400 million.
Additionally, the company has declared a regular quarterly cash dividend of $1.08 per share, payable on February 27, 2026, to shareholders of record as of January 28, 2026.
In early morning trade, PAYX shares were trading at $110.78, up 0.24% on the Nasdaq.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.