Paychex, Inc. (PAYX) Yield on Cost (YOC): 4.38%
The yield on cost (YOC) for Paychex, Inc. (PAYX) is 4.38%.
PAYX Yield on Cost (YOC) Metrics
YIELD ON COST (YOC)
4.38%
Forward Yield on Cost Projections
If you buy PAYX today at the current stock price of $101.10 with a yield of 4.38% and dividends continue to grow at the historical rate (11.2% CAGR), your YOC would be:
Current Yield
4.38%
YOC in 3 Years
7.11%
YOC in 5 Years
9.82%
YOC in 10 Years
22.02%
Interactive Yield on Cost Calculator
Project custom investment returns for Paychex, Inc. (PAYX) based on your custom cost basis.
Starting Yield
4.38%
Ending YOC
21.60%
Year 15 Dividend
$21.83
Cum. Dividends Recd.
$172.53
| Year | Projected Div. / Share | YoY Dividend Hike | Yield on Cost (YOC) | Total Dividends Recd. |
|---|---|---|---|---|
| Initial | $4.43 | — | 4.38% | $0.00 |
| Year 1 | $4.93 | +11.22% | 4.87% | $4.93 |
| Year 2 | $5.48 | +11.22% | 5.42% | $10.41 |
| Year 3 | $6.09 | +11.22% | 6.03% | $16.50 |
| Year 4 | $6.78 | +11.22% | 6.70% | $23.28 |
| Year 5 | $7.54 | +11.22% | 7.46% | $30.82 |
| Year 6 | $8.38 | +11.22% | 8.29% | $39.20 |
| Year 7 | $9.33 | +11.22% | 9.22% | $48.53 |
| Year 8 | $10.37 | +11.22% | 10.26% | $58.90 |
| Year 9 | $11.54 | +11.22% | 11.41% | $70.44 |
| Year 10 | $12.83 | +11.22% | 12.69% | $83.27 |
| Year 11 | $14.27 | +11.22% | 14.11% | $97.54 |
| Year 12 | $15.87 | +11.22% | 15.70% | $113.41 |
| Year 13 | $17.65 | +11.22% | 17.46% | $131.06 |
| Year 14 | $19.63 | +11.22% | 19.42% | $150.69 |
| Year 15 | $21.83 | +11.22% | 21.60% | $172.53 |
Yield on Cost (YOC) Formula
Formula: Yield on Cost = Annual Dividend / Original Purchase Price × 100
Inputs shown in the projection:
- Original purchase price.
- Annual dividend per share at the starting point.
- Assumed annual dividend growth rate.
- Projected annual dividend divided by original purchase price.
Note: Forward projections assume dividends continue to grow at the designated growth rate. Actual dividend payments are declared by corporate boards and are subject to change.
Paychex, Inc. Yield on Cost (YOC) Formula & Definition
Yield on Cost shows the dividend yield based on your original purchase price. As dividends grow, your YOC increases even if the market yield stays the same.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Paychex, Inc. Yield on Cost (YOC) FAQ
- What is the yield on cost (YOC) for Paychex, Inc. (PAYX)?
- The yield on cost (YOC) for PAYX stock is 4.38%.
About Paychex, Inc.
Founded in 1971 and headquartered in Rochester, New York, Paychex, Inc. delivers comprehensive human capital management (HCM) solutions. The company primarily serves small to medium-sized enterprises (SMEs) across the United States, Europe, and India, addressing their needs in human resources, payroll administration, employee benefits, and insurance. Its diverse service portfolio includes: Payroll Management: Encompassing core payroll processing, payroll tax administration, employee payment facilitation, and ensuring compliance with regulations like new-hire reporting and garnishment processing. Human Resources Solutions: Providing support for employer compliance, HR and employee benefits administration, risk management outsourcing, and even the availability of professionally trained on-site HR representatives. Retirement Services: Offering full administration for retirement plans, which covers implementation, ongoing adherence to government regulations, reporting for both participants and employers, online access capabilities, electronic funds transfers, and other administrative tasks. Cloud-based HR Software: A suite of software products designed for efficient HR administration, including tools for benefits management, time and attendance tracking, digital communication, recruitment, and onboarding processes. Additional Business Services: This category features plan administration outsourcing, state unemployment insurance services, and various support functions for SMBs such as payroll funding and outsourcing (including payroll processing, invoicing, and tax preparation), payment processing solutions, financial wellness programs, and a resource center for small business loans. Insurance Offerings: Providing both property and casualty coverage, which includes workers' compensation, business-owner policies, cybersecurity protection, and commercial auto insurance, alongside health and benefits coverage like medical, dental, vision, and life insurance. Paychex primarily distributes its services through its dedicated direct sales team.
- Sector
- Industrials
- Industry
- Staffing & Employment Services
- CEO
- John Gibson Jr.