Automatic Data Processing (ADP) Message Board

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Non-Tech : Automatic Data Processing (ADP)

ADP 260.23

-0.5%

3:59 PM EDT

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From: JakeStraw	4/16/2010 11:38:02 AM
	of 70

Now, time to deliver what has been promised. The best dividend stock. Period. And the winner is ... Automatic Data Processing (NYSE: ADP)! Check out some quick stats on my favorite dividend superstar: Automatic Data Processing Paying Dividends Since - 1974 5-Year Dividend Growth Rate - 21.52% 20-Year Annualized Stock Growth Rate - 12% One reason I think ADP is a great business is because it's so easy to understand. The company writes checks for other companies. Plain and simple. It has more than 500,000 customers, and in 2008 it processed about $1 trillion in funds -- that's more than the GDP of Australia, the world's 13th-largest economy! Every time it distributes a check, ADP takes a cut. And in the interim between receiving funds and writing a check, it generates a pile of interest. That interest is a great kicker for an already great business model. All this and more is why ADP has totally dominated the market over the past five, 10, and 20 years fool.com

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