Paychex, Inc.

PAYX
Technology
$97.00
4.45%Undervalued

Paychex, Inc. (PAYX) is a Technology company that currently yields 4.45% — historically undervalued based on 10 years of dividend yield history. The Weiss valuation model places the undervaluation threshold at $103.38 and the overvaluation threshold at $164.93. Paychex, Inc. holds a quality score of 50/100 (Average), reflecting 12 consecutive years of dividend growth with a 95% payout ratio. The 5-year dividend CAGR stands at 11.2%.

PAYX Dividend Yield History — Weiss Valuation

Underval. $103.38Overval. $164.93

Distance to undervalued

In undervalued territory

Price sits 6.2% below the Weiss buy zone ceiling

The current yield already clears the historical undervaluation threshold. The next question is whether the dividend quality and payout profile deserve that higher yield.

Zone ceiling

$103.38

Current yield

4.45%

Research checklist

What to clear before buying the yield

Updated May 25, 2026

Dividend durability

12Y

Long dividend history supports a deeper look.

Earnings payout

95%

Coverage deserves a closer look in filings.

Cash payout

N/A

Confirm cash conversion and one-off effects.

Dividend growth

11.2%

Recent growth adds income compounding potential.

What changed

What changed since the last update

2026-05-232026-05-25

No major change in signal, yield, price, quality, or payout since the last update.

Why Now?

Paychex, Inc. is trading near its historical undervaluation band.

Current yield 4.5% vs historical max 6.3% (71% of maximum).

12 consecutive years without a dividend cut.

Elevated payout ratio of 95%.

What matters now

Read the signal before the headline yield

Valuation is the invitation here: the yield is elevated versus its own history.

The 50/100 quality score says the headline yield needs extra skepticism.

Start by checking whether payout coverage and business durability still support the dividend.

PAYX Dividend Income Projection — DRIP Compounder

Dividend Compounder (DRIP)

$

Year 1 Income

$495

Year 10 Income

$2,539

Yield on Cost

28.66%

Total Income

$12,263

Assumes dividends reinvested at current price. Simplified model — for illustrative purposes only.

More research

Full price history & technical analysis

TradingView ↗

Fundamentals, valuation & analyst ratings

FinViz ↗

Moat rating & analyst fair value

Morningstar ↗

PAYX Dividend Quality Score

Quality Score

50/ 100

Average

Payout Ratio0/25
Dividend Streak20/25
Growth (CAGR 5Y)20/20
Yield vs History10/15
FCF Coverage0/15

Key Metrics

Current Price$97.00
Annual Dividend$4.32
Current Yield4.45%
Yield — Max (10Y)6.30%
Yield — Min (10Y)2.75%
Undervalued Below$103.38
Overvalued Above$164.93
Payout Ratio95.36%
CAGR Dividend 5Y11.2%
CAGR Dividend 10Y10.2%
Years No Cut12y
In the buy zone

PAYX is historically undervalued. Ready to add it to your portfolio?

Start investing on eToro →
No commission€50 minimumCopy trading

DividendVisual may earn a commission if you open an account via this link, at no cost to you. Capital at risk. Not financial advice.

12
consecutive years of dividend growth