5 Companies that Just Started Paying Dividends

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In this article, we discuss 5 companies that just started paying dividends. If you want to read our detailed analysis of dividend stocks and their performance over the years, go directly to read 11 Companies that Just Started Paying Dividends

5. Paycom Software, Inc. (NYSE:PAYC)

Number of Hedge Fund Holders: 43

Paycom Software, Inc. (NYSE:PAYC) is a technology company that provides cloud-based human capital management (HCM) software solutions. The company’s primary focus is on developing and offering software solutions to help businesses manage various aspects of their human resources and workforce management. The company started paying dividends in March 2023 and currently offers a quarterly dividend of $0.375 per share. The stock’s dividend yield on February 5 came in at 0.77%.

The number of hedge funds tracked by Insider Monkey owning stakes in Paycom Software, Inc. (NYSE:PAYC) grew to 43 in Q3 2023, from 40 in the previous quarter. The consolidated value of these stakes is nearly $830 million. Echo Street Capital Management was the largest stakeholder of the company in Q3 with over 1 million PAYC shares.

Follow Paycom Software Inc. (NYSE:PAYC)

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