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Dividend Aristocrats in Focus, Part 4: Automatic Data Processing

- By Ben Reynolds

Automatic Data Processing (ADP) traces its roots all the way back to 1949, when it was started by a 21-year old entrepreneur named Henry Taub. The company began with a single client, and in the decades since, has grown to an industry leader in payroll processing services.

Automatic Data Processing currently has more than 600,000 clients spread across the world. The stock has generated strong total returns over the last decade. The image below shows an investment in ADP versus the S&P 500 (SPY) over the last decade.