Cintas Corporation (CTAS) to Issue Quarterly Dividend of $0.52 on September 15th

Cintas Corporation (NASDAQ:CTAS) announced a quarterly dividend on Tuesday, July 28th. Stockholders of record on Friday, August 14th will be paid a dividend of 0.52 per share by the business services provider on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a dividend 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 raised its dividend every year for the last 42 years. Cintas has a payout ratio of 39.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Cintas to earn $6.10 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 34.1%.

Cintas Stock Performance

Shares of CTAS stock opened at $205.28 on Wednesday. The stock has a market capitalization of $82.15 billion, a price-to-earnings ratio of 54.89, a PEG ratio of 3.27 and a beta of 0.92. Cintas has a one year low of $161.16 and a one year high of $225.85. The company’s 50-day simple moving average is $187.47 and its 200-day simple moving average is $184.48. 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 (NASDAQ:CTAS) last announced its quarterly earnings data on Wednesday, July 15th. The business services provider reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.05. Cintas had a return on equity of 42.05% and a net margin of 17.75%.The firm had revenue of $2.91 billion during the quarter, compared to analyst estimates of $2.87 billion. During the same period in the previous year, the company earned $1.09 earnings per share. Cintas’s quarterly revenue was up 8.9% on a year-over-year basis. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. Equities analysts anticipate that Cintas will post 5.49 earnings per share for the current fiscal year.

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.