Automatic Data Processing: Diversified, Pays Dividends, And AI-Driven

JHVEPhoto My objective with this thesis is to highlight Automatic Data Processing's (NASDAQ:ADP) diversification strategy together with its ability to consistently hike dividends as positives for the stock going into 2024. On top, it has AI potential too, and trades at around $232 which is below its December 2022 high of$269.9 by over $36 as per the chart below. The price performance covers a three-year time horizon including 2022, when the Federal Reserve hiked interest rates at an unprecedentedly aggress ...