Cintas Boosts FY Dividend to $0.64 from $0.54
Cintas Corporation (Nasdaq: CTAS) announced that the Company's Board of Directors approved a 64 cents per share annual dividend at its meeting today. This dividend represents an 18.5% increase over last year's annual dividend of 54 cents per share. This dividend is payable on December 12, 2012, to shareholders of record as of November 9, 2012.
Robert J. Kohlhepp, Chairman of the Board of Cintas said, "We had record sales and earnings per share for the fiscal year ended May 31, 2012. Given these excellent results together with our strong financial position, we are pleased to announce an increase in the dividend for the 30^th consecutive year. The dividend together with our share buyback program during the year continues to demonstrate our commitment to increasing shareholder value."
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