ADP Authorized to Purchase $5 Billion of its Common Stock

The board of directors of ADP (Nasdaq: ADP) authorized the purchase of $5 billion of its common stock, Carlos Rodriguez, chief executive officer, announced today.

This authorization replaces in its entirety the previous 2019 authorization to purchase $5 billion of its common stock.  ADP had approximately 415 million common shares outstanding as of October 28, 2022.

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