2024-04-10 07:30:00 ET
Summary
- Paychex remains an interesting dividend growth stock from my perspective.
- The company’s revenue and adjusted diluted EPS climbed higher in its fiscal Q3.
- PAYX held over $900 million in net cash/investments as of the fiscal third quarter.
- The stock could be trading 4% below fair value.
- Paychex could be set up to keep delivering double-digit annual total returns in the years ahead.
As a dividend growth investor, I'm always on the lookout for companies that benefit from consistency in their underlying earnings power. That's because stocks aren't just flashing ticker symbols on a screen. There are real, live businesses behind these ticker symbols....
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Paychex: Scoop Up This Dividend Growth Stock Now