The free weekly letter
Each Wednesday, we examine one dividend paying company: how it earns its money, what supports the payout, and what could put it under pressure. About five minutes to read.
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Sample letter
Employers send ADP their payroll ahead of payday. In the fiscal year ended June 30, 2026, ADP held an average of $40.4 billion of that money and earned $1.35 billion of interest on it, about 6 percent of its revenue. The letter follows the three streams that fund a dividend raised 51 years in a row, and why the smallest one deserves the most attention.
$1.35B
interest earned on client funds, fiscal year ended June 30, 2026
60%
of fiscal 2026 net earnings paid out as dividends ($2.63B of $4.41B)
Source: ADP fiscal 2026 results release, July 29, 2026. Percentages are our arithmetic. General education, not advice.
Every Wednesday
How the company earns the money that funds its dividend, in plain language.
What cash flow, debt and dividend growth show about whether the payout can last.
One useful question to carry into your own research.
Past letters on dividend investing, business fundamentals, and the numbers behind a payout.
September 2, 2026
What you take away: a streak records what a business could afford in the past. Earnings, cash flow and the balance sheet say whether it still can.
One company each Wednesday, the numbers that matter, and one question to carry into your own research. Free.
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One dividend company examined every Wednesday, in about five minutes. Free, and you can leave at any time.
Educational and informational only. Not investment, financial or tax advice, and not a recommendation to buy or sell any security. Past performance does not guarantee future results.