UniFirst Corp (NYSE:UNF) Plans Dividend Increase – $0.25 Per Share

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UniFirst Corp (NYSE:UNF) declared a quarterly dividend on Tuesday, October 29th, Zacks reports. Investors of record on Friday, December 6th will be paid a dividend of 0.25 per share by the textile maker on Friday, January 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date of this dividend is Thursday, December 5th. This is an increase from UniFirst’s previous quarterly dividend of $0.11.

Shares of NYSE UNF opened at $205.00 on Tuesday. UniFirst has a 12-month low of $132.38 and a 12-month high of $211.63. The stock’s fifty day simple moving average is $203.82 and its two-hundred day simple moving average is $189.51. The stock has a market capitalization of $3.91 billion, a PE ratio of 24.06 and a beta of 0.71.

UniFirst (NYSE:UNF) last released its quarterly earnings results on Wednesday, October 23rd. The textile maker reported $2.40 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.96 by $0.44. The firm had revenue of $479.62 million during the quarter, compared to analyst estimates of $471.41 million. UniFirst had a return on equity of 9.67% and a net margin of 9.49%. The business’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same period in the previous year, the company posted $2.06 EPS. As a group, analysts forecast that UniFirst will post 8.02 EPS for the current year.

A number of equities analysts have commented on UNF shares. ValuEngine downgraded shares of UniFirst from a “buy” rating to a “hold” rating in a report on Wednesday, September 11th. Zacks Investment Research restated a “hold” rating on shares of UniFirst in a report on Saturday, October 26th.

UniFirst Company Profile

UniFirst Corporation provides workplace uniforms and protective work wear clothing in the United States, Europe, and Canada. The company operates through U.S. Rental and Cleaning, Canadian Rental and Cleaning, Manufacturing, Specialty Garments Rental and Cleaning, and First Aid segments. It designs, manufactures, personalizes, rents, cleans, delivers, and sells a range of uniforms and protective clothing, including shirts, pants, jackets, coveralls, lab coats, smocks, and aprons; and specialized protective wear, such as flame resistant and high visibility garments.

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Dividend History for UniFirst (NYSE:UNF)

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