secwatch.observer — SEC 8-K summary
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Issuer:     PAYCHEX INC (PAYX)
CIK:        0000723531
Form:       8-K
Filed at:   2024-01-19T23:59:59+00:00
Accession:  0000950170-24-005590
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/723531/000095017024005590/0000950170-24-005590-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/723531/000095017024005590/payx-20240119.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-005590

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