Paychex authorizes $1B stock buyback, appoints former Cintas CFO to board, declares $1.08 dividend

PAYCHEX INC

Board approved new $1B share repurchase authorization, replacing prior $400M authorization.
Quarterly dividend of $1.08/share declared, payable Feb 27, 2026 to holders of record Jan 28, 2026.
Board expanded to 11 members; appointed J. Michael Hansen (former Cintas CFO) as independent director, effective immediately.
Hansen appointed to Audit Committee; brings financial expertise from 30-year Cintas tenure.
In fiscal 2025, Paychex returned over $1.5B to shareholders via dividends and repurchases.

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