G&K Services Raises Quarterly Dividend 19%, Expands Share Repurchase Authorization by $100M

G&K Services, Inc.

announced today that its Board of Directors approved a 19 percent increase to its quarterly dividend and a $100 million expansion of its share repurchase authorization, reaffirming the company's commitment to return cash to shareholders. "G&K's strong operating performance continues to generate significant cash flow," said Douglas A. Milroy, Chairman and Chief Executive Officer. "That cash flow gives us the financial strength to continue to invest in our business, while also increasing the capital we return to shareholders." The company declared a 19 percent increase to the quarterly dividend, to $0.37 per share. The dividend will be payable on September 25, 2015 to