S&P 500 Dividend Stock Down 36%: A Forever Hold Candidate

Automatic Data Processing (ADP) is a dividend-paying S&P 500 stock down 36% since mid-last year. Despite concerns about AI disrupting its payroll-processing business, ADP is embracing AI and offers HR capabilities beyond payroll processing. These include benefits administration, employee recruiting, compliance and recordkeeping, payroll taxes, and time and attendance. Its customers rely on these services, which have little room for error that AI might make. ADP is a great buy-and-hold-forever candidate.