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ROCHESTER, N.Y.–(BUSINESS WIRE)–Paychex, Inc. (NASDAQ: PAYX), a leading provider of human capital
management solutions for small- to medium-sized businesses, today
announced that its board of directors approved a $.06 increase in the
company’s regular quarterly dividend, an increase of approximately 11
percent. The dividend will increase from $.56 per share to $.62 per
share and is payable May 30, 2019 to shareholders of record May 15, 2019.

“This dividend increase demonstrates our strong commitment to providing
ongoing, outstanding shareholder value,” said Martin Mucci, Paychex
president and CEO. “Through the combination of our financial strength
and investment in strategic growth opportunities, we are able to expand
the returns we deliver to our shareholders.”

About Paychex

Paychex, Inc. (NASDAQ:PAYX) is a leading provider of integrated human
capital management solutions for payroll, benefits, human resources, and
insurance services. By combining its innovative software-as-a-service
technology and mobility platform with dedicated, personal service,
Paychex empowers small- and medium-sized business owners to focus on the
growth and management of their business. Backed by more than 45 years of
industry expertise, Paychex serves over 650,000 payroll clients as of
May 31, 2018 across more than 100 locations in the U.S. and Europe, and
pays one out of every 12 American private sector employees. Learn more
about Paychex by visiting paychex.com
and stay connected on Twitter
and LinkedIn.

Contacts

Investor Relations
Efrain Rivera
Senior Vice President,
Chief Financial Officer and Treasurer
585-385-6666

Terri Allen
585-383-3406

Media Contact
Laura Saxby Lynch
Director, Corporate
Communications
585-383-3074
[email protected]
@PaychexNews