Cintas Corporation (NASDAQ:CTAS) to Issue Quarterly Dividend of $0.52

Cintas Corporation (NASDAQ:CTAS) declared a quarterly dividend on Tuesday, July 28th. Investors 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 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 by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 42 consecutive years. Cintas has a payout ratio of 33.8% meaning its dividend is sufficiently covered by earnings. Equities 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 Price Performance

Shares of NASDAQ:CTAS opened at $214.90 on Wednesday. The company 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. The business has a 50 day moving average price of $180.88 and a 200 day moving average price of $183.70. The company has a quick ratio of 1.27, a current ratio of 1.43 and a debt-to-equity ratio of 0.28. Cintas has a twelve month low of $161.16 and a twelve month high of $226.75.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings results on Wednesday, July 15th. The business services provider reported $1.29 EPS for the quarter, topping 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 company had revenue of $2.91 billion for the quarter, compared to the consensus estimate of $2.87 billion. During the same period in the previous year, the business posted $1.09 EPS. The company’s revenue for the quarter was up 8.9% on a year-over-year basis. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. Research analysts predict that Cintas will post 5.49 earnings per share for the current 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.