The dividend will be paid June 12 to all stockholders of record as of May 30.
Paycom recently announced its board of directors declared a cash dividend in the amount of $0.375 per share of common stock to be paid June 12, 2023, to all stockholders of record as of the close of business May 30, 2023.
Paycom, which will celebrate its 25th anniversary in November, surpassed $1 billion in revenue in 2021 and has seen double-digit growth every year for the last six years. The company currently shares only about 5% of the HR software management market, and it has made growth forecasting for 2023 just as strong, forecasting 25% revenue growth.
Paycom introduced its first international product earlier this year.