Corporate ActionMay 4, 2026, 05:16 PM
Paycom Approves $2.0B Stock Buyback; Declares $0.375 Quarterly Dividend
AI Summary
Paycom Software, Inc. announced that its Board of Directors declared a regular quarterly cash dividend of $0.375 per share, payable on June 8, 2026, to shareholders of record as of May 26, 2026. Additionally, the Board approved a new stock repurchase plan authorizing the company to buy back up to $2.0 billion of its common stock. This repurchase plan has no expiration date and allows for flexible execution through various transaction types.
Key Highlights
- Paycom's Board declared a regular quarterly cash dividend of $0.375 per share.
- The dividend will be paid on June 8, 2026, to stockholders of record as of May 26, 2026.
- The Board approved a new stock repurchase plan for up to $2.0 billion of common stock.
- Repurchases will occur in open market transactions, privately negotiated transactions, or other means.
- The new stock repurchase plan does not have an expiration date.