5 Best Industrial Dividend Stocks For 2021

4. Automatic Data Processing, Inc. (NASDAQ: ADP)

Dividend Yield: 2.14%

Founded in 1949, ADP is a comprehensive global provider of cloud-based Human Capital Management solutions and Business Process Outsourcing (BPO) services, analytics and compliance expertise. Industry analyst firm Everest Group has mentioned ADP as a leader in its 2021 Multi-Process Human Resources Outsourcing PEAK Matrix Assessment for the 10^th successive year.

ADP has beaten analysts’ revenue and earnings estimates in the recent quarters, which prompted a slew of earnings upgrade. The stock is up 60.10% over the last 12 months.

Polen Focus Growth in their Q4 Investor Letter said that Automatic Data Processing, Inc. (NASDAQ: ADP) was one of the top detractors for the fund during the fourth quarter of 2020. Here is what Polen Focus Growth has to say about Automatic Data Processing, Inc. in their investor letter:

“For ADP, we detail our decision to sell our position in the third quarter letter. The very high levels of unemployment in the U.S. and extremely low interest rates have negatively impacted the business in the short term. At the same time, increasing competitive intensity in the human capital management industry is creating headwinds.”