Company: PAYX
Filing Date: 2025-07-11
Form Type: 10-K
Source: 0000950170-25-095300
Chunk: 13

Company: PAYCHEX INC
Filing Date: 2025-07-11
Form: 10-K
Item: Item 5
Chunk 13
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Our common stock trades on the NASDAQ Global Select Market under the symbol “PAYX”. Dividends have historically been paid on our common stock in August, November, February, and May. The level and continuation of future dividends are dependent on our future earnings and cash flows and are subject to the discretion of our Board of Directors (the “Board”).

As of June 30, 2025, there were 7,599 holders of record of our common stock, which includes registered holders and participants in the Paychex, Inc. Dividend Reinvestment and Stock Purchase Plan. There were also 2,914 participants in the Paychex, Inc. Qualified Employee Stock Purchase Plan and 3,478 participants in the Paychex, Inc. Employee Stock Ownership Plan.

In January 2024, our Board approved a program to repurchase up to an additional $400.0 million of our common stock, with authorization expiring on May 31, 2027. The purpose of this program is to manage common stock dilution. All shares repurchased during fiscal 2025 were retired and were as follows:

     Fiscal 2025

     In millions, except per share amount
      
     Totalnumberof sharespurchased

     Average price paid per share

     Total dollars

     Approximate dollar value of shares that may yet be purchased under the program

     First quarter

     0.8

     $
      
     125.50

     $
      
     104.0

     $
      
     296.0

     Second quarter

     —

     $
      
     —

     —

     $
      
     296.0

     Third quarter

     —

     $
      
     —

     —

     $
      
     296.0

     March 1 to March 31, 2025

     —

     $
      
     —

     —

     $
      
     296.0

     April 1 to April 30, 2025

     —

     $
      
     —

     —

     $
      
     296.0

     May 1 to May 31, 2025

     —

     $
      
     —

     —

     $
      
     296.0

     Fiscal year

     0.8

     $
      
     125.50

     $
      
     104.0