2024-06-02 14:23:22 ET
Summary
- ADP is a leader in Human Capital Management, with over 1 million clients and innovative solutions.
- The company is capitalizing on a $150 billion addressable market that is growing by 5-6% annually.
- ADP has a strong financial health, with an AA- credit rating, solid balance sheet, and consistent dividend growth.
Introduction
It's time to talk about Automatic Data Processing ( ADP ) , a stock I called " One Of The Most Impressive Dividend Growth Stocks On My Radar " in the title of my most recent article , which was written on February 5.
What makes ADP so special isn't just its double-A credit rating, massive business portfolio, or the fact that it's one year away from becoming a Dividend King with 50 consecutive years of dividend growth but also that it tells us a lot about the economy. ...
Read the full article on Seeking Alpha
For further details see:
49 Years And Counting: A Closer Look At Dividend Powerhouse ADP