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Cintas Corporation Announces Annual Dividend and $500M Stock Buyback

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Cintas Corporation (Nasdaq: CTAS) announced that the Company's Board of Directors approved a 49 cents per share annual dividend at its meeting today. This dividend represents a 2% increase over last year's annual dividend of 48 cents per share. This dividend is payable on December 15, 2010, to shareholders of record as of November 12, 2010.

The Board of Directors also approved a share repurchase program under which the Company may repurchase up to $500 million of Cintas common stock at market prices. The number of shares to be repurchased and the timing of the purchases will be determined at the discretion of the Board.

 

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Posted-In: News Dividends Buybacks