Cintas Corporation (CTAS) To Go Ex-Dividend on November 13th

Cintas Corporation (NASDAQ:CTAS – Get Free Report) announced a quarterly dividend on Tuesday, October 27th. Stockholders of record on Friday, November 13th will be given a dividend of $0.52 per share by the business services provider on Tuesday, December 15th. This represents a $2.08 annualized dividend and a dividend yield of 0.9%. The ex-dividend date is Friday, November 13th.

Cintas has increased its dividend payment by an average of 0.1% annually over the last three years and has increased its dividend annually for the last 42 consecutive years. Cintas has a dividend payout ratio of 39.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Cintas to earn $6.14 per share next year, which means the company should continue to be able to cover its $2.08 annual dividend with an expected future payout ratio of 33.9%.

Cintas Stock Up 0.9%

Shares of NASDAQ CTAS opened at $225.28 on Wednesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.29 and a current ratio of 1.45. The firm has a market capitalization of $89.45 billion, a price-to-earnings ratio of 44.43, a PEG ratio of 3.54 and a beta of 0.86. The stock has a 50 day moving average price of $207.31 and a 200 day moving average price of $191.58. Cintas has a 52-week low of $161.16 and a 52-week high of $233.46.

Cintas (NASDAQ:CTAS – Get Free Report) last released its quarterly earnings data on Wednesday, September 23rd. The business services provider reported $1.39 EPS for the quarter, topping the consensus estimate of $1.35 by $0.04. The company had revenue of $3.01 billion for the quarter, compared to the consensus estimate of $2.98 billion. Cintas had a return on equity of 42.57% and a net margin of 17.82%. Cintas’s quarterly revenue was up 10.9% on a year-over-year basis. During the same period last year, the business posted $1.20 EPS. Cintas has set its FY 2027 guidance at 5.450-5.540 EPS. Sell-side analysts expect that Cintas will post 5.53 earnings per share for the current year.

About Cintas

(Get Free Report)

Cintas Corporation provides workplace products and services to businesses, primarily in North America. Its offerings include uniform rental and sales, workwear, and related services such as laundering and maintaining uniforms. The company also supplies facility services, including restroom and floor products, and provides first aid and safety products and services. Its fire protection business offers services such as inspecting and maintaining fire extinguishers and other safety equipment. Cintas traces its roots to Acme Industrial Laundry, a family business established in 1929.

Recommended Stories

Dividend History for Cintas (NASDAQ:CTAS)

Receive News & Ratings for Cintas Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cintas and related companies with MarketBeat.com's FREE daily email newsletter.