---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-24-005590"
form_type: "8-K"
ticker: "PAYX"
cik: "0000723531"
company_name: "PAYCHEX INC"
filed_at: "2024-01-19T23:59:59+00:00"
generated_at: "2026-06-06T21:36:01.666827+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Paychex authorizes $400M share repurchase, declares $0.89 quarterly dividend

## Summary
- Board approved up to $400 million common stock repurchase program expiring May 31, 2027; begins Feb 1, 2024.
- Quarterly dividend of $0.89 per share declared, payable Feb 27, 2024 to shareholders of record Feb 13, 2024.
- New buyback is in addition to existing program expiring Jan 31, 2024.
- In FY2023 (ended May 31, 2023), Paychex returned $1.2B in dividends (75% of net income) to shareholders.

## SEC filing metadata
- accession: 0000950170-24-005590
- form_type: 8-K
- ticker: PAYX
- cik: 0000723531
- company_name: PAYCHEX INC
- filed_at: 2024-01-19T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/723531/000095017024005590/0000950170-24-005590-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/723531/000095017024005590/payx-20240119.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-24-005590
- JSON: https://secwatch.observer/filing/0000950170-24-005590.json
- Plain text: https://secwatch.observer/filing/0000950170-24-005590.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.