steve Gonick

Dividend Analysis: Automatic Data Processing

I enjoy your website and wish you luck. I am surprised that your interest in ADP has not led you to Paychex (PAYX), a similar and simpler business model, with an excellent record of dividend increases, yielding its highest levels in years.

Also, PAYCX, like ADP, provides a dividend investor a perfect compliment to financials since PAYX do better when interest rates rise because they profit from the 'float' while they hold money in overnight accounts. Since financials are faltering, ADP and PAYX provide a good hedge of your bets.