Cintas Corporation (NASDAQ:CTAS) Announces $0.45 Quarterly Dividend

Cintas Corporation (NASDAQ:CTAS) declared a quarterly dividend on Tuesday, January 20th. Stockholders of record on Friday, February 13th will be paid a dividend of 0.45 per share by the business services provider on Friday, March 13th. This represents a c) annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, February 13th.

Cintas has increased its dividend by an average of 0.2%annually over the last three years and has raised its dividend annually for the last 42 consecutive years. Cintas has a dividend payout ratio of 33.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Cintas to earn $4.77 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 37.7%.

Cintas Trading Down 0.9%

Shares of CTAS stock opened at $193.74 on Wednesday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.71 and a quick ratio of 1.49. The company has a market cap of $77.47 billion, a price-to-earnings ratio of 56.48, a PEG ratio of 3.35 and a beta of 0.97. Cintas has a 1 year low of $180.39 and a 1 year high of $229.24. The firm has a fifty day moving average price of $187.76 and a 200-day moving average price of $199.42.

Cintas (NASDAQ:CTAS) last released its earnings results on Thursday, December 18th. The business services provider reported $1.21 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.01. Cintas had a return on equity of 41.07% and a net margin of 17.58%.The company had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.77 billion. During the same period in the previous year, the business earned $1.09 earnings per share. Cintas’s quarterly revenue was up 9.3% compared to the same quarter last year. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. As a group, equities analysts predict that Cintas will post 4.31 earnings per share for the current year.

Cintas declared that its board has authorized a share buyback plan on Tuesday, October 28th that authorizes the company to buyback $1.00 billion in outstanding shares. This buyback authorization authorizes the business services provider to purchase up to 1.3% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

About Cintas

Cintas Corporation (NASDAQ: CTAS) is a provider of business services and products focused on workplace appearance, safety and facility maintenance. The company is best known for its uniform rental and corporate apparel programs, which include rental, leasing and direct-purchase options, laundering and garment repair. Cintas markets its services to a wide range of end-users, including manufacturing, food service, healthcare, hospitality, retail and government customers.

Beyond uniforms, Cintas offers a suite of facility services and products designed to help organizations maintain clean, safe and compliant workplaces.