Automatic Data Processing, Inc.

This article is part of our monthly series where we highlight five large-cap, relatively safe, dividend-paying companies offering significant discounts to their historical norms. We go over our filtering process to select just five conservative DGI stocks from more than 7,500 companies that are traded on U.S. exchanges, including OTC networks. In addition to the primary list that yields 3.7%, we present two other groups of five DGI stocks, each with moderate to high yields of up to 8%.

When profits dip, lenders get paid first and the dividend is usually what gets cut. Four household names have raised their payouts year after year, and one of them holds a credit rating almost no other U.S. company can match.

Traders now price an 80% chance the Fed hikes again in December, and Treasuries yield more than every dividend stock on this list. Four income names have a record of thriving through tightening cycles, but each carries a risk worth knowing first.

Boston Trust Walden Corp lessened its stake in shares of Automatic Data Processing, Inc. (NASDAQ: ADP) by 5.4% in the undefined quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 379,653 shares of the business services provider's stock after selling