Market Overview

Cintas Boosts FY Dividend to $0.64 from $0.54

Share:
Related CTAS
Cintas To Buy G&K Services; Morgan Stanley Raises Target Price
G&K Services Acquisition A Multi-Year Catalyst For Cintas
Best Dividend Paying Stocks for Dividend Growth Investors (GuruFocus)

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."

Posted-In: News Dividends

 

Related Articles (CTAS)

View Comments and Join the Discussion!