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

Cintas Corporation (NASDAQ:CTAS) announced a quarterly dividend on Tuesday, July 28th. Investors 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 of this dividend 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 annually for the last 42 consecutive years. Cintas has a payout ratio of 33.8% meaning 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 Price Performance

CTAS opened at $216.25 on Wednesday. The company has a fifty day moving average price of $180.88 and a two-hundred day moving average price of $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. The firm has a market capitalization of $86.52 billion, a PE ratio of 57.81, a P/E/G ratio of 3.41 and a beta of 0.94. Cintas has a 52 week low of $161.16 and a 52 week high of $226.75.

Cintas (NASDAQ:CTAS) last announced its quarterly earnings data on Wednesday, July 15th. The business services provider reported $1.29 EPS for the quarter, topping analysts’ consensus estimates of $1.24 by $0.05. Cintas had a return on equity of 42.05% and a net margin of 17.75%.The business had revenue of $2.91 billion during the quarter, compared to analysts’ expectations of $2.87 billion. During the same period in the previous year, the firm earned $1.09 earnings per share. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. Cintas has set its FY 2027 guidance at 5.360-5.500 EPS. As a group, analysts anticipate that Cintas will post 5.49 earnings per share for the current year.

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.