Automatic Data Processing: A Spin-Off Play And An Endlessly Increasing Dividend

Automatic Data Processing (NASDAQ:ADP) is a company that is entering an exciting period. The company has decided to spin-off their dealer services division later this year. The company currently yields about 2.4 percent and has a long history of yearly dividend increases. While no stock should be considered a "safe stock" without any risk, ADP shares are relatively safe in comparison to many high profile stocks and should be strongly considered as a building block of any long-term investors' portfolio. With the split of ADP into 2 companies approaching in October 2014, investors will be able to hold shares in 2 high-quality companies.BackgroundAutomatic Data Processing is the largest global provider of payroll outsourcing services based on revenue. The company offers a wide range of human resource, payroll, tax and benefits administration solutions and is also a leading provider of integrated computing solutions to automotive, heavy truck, motorcycle, marine,