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SEC filingPaycom declared a $0.375 quarterly dividend and authorized a $2.0 billion share repurchase plan, signaling strong capital return to shareholders.
Paycom Software announced a regular quarterly cash dividend of $0.375 per share, continuing its shareholder return program. Additionally, the Board authorized a new $2.0 billion share repurchase plan, replacing any prior authorization. The buyback has no expiration and can be executed through various methods including open market purchases and accelerated share repurchases. The timing and amount of repurchases will depend on market conditions and other factors. These actions underscore Paycom's strong cash generation and commitment to returning capital to shareholders, while maintaining flexibility for future investments.