Cintas Corporation (NASDAQ:CTAS – Get Free Report) declared a quarterly dividend on Tuesday, July 28th. Shareholders of record on Friday, August 14th will be given a dividend of 0.52 per share by the business services provider on Tuesday, September 15th. This represents a c) annualized dividend and a yield of 1.0%. The ex-dividend date is Friday, August 14th. This is a 15.6% increase from Cintas’s previous quarterly dividend of $0.45.
Cintas has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 42 years. Cintas has a dividend payout ratio of 33.8% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Cintas to earn $6.10 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 29.5%.
Cintas Trading Up 1.9%
NASDAQ CTAS opened at $214.90 on Wednesday. The firm’s 50 day moving average price is $180.88 and its two-hundred day moving average price is $183.70. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.27 and a current ratio of 1.43. Cintas has a twelve month low of $161.16 and a twelve month high of $226.75. The stock has a market cap of $85.98 billion, a price-to-earnings ratio of 57.46, a PEG ratio of 3.41 and a beta of 0.94.
Cintas Company Profile
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.
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