Cintas sets quarterly dividend at $0.39 per share

CINCINNATI - Cintas Corporation (NASDAQ:CTAS), a market leader in providing specialized services to businesses, has declared a quarterly cash dividend. The company's Board of Directors has approved a dividend of $0.39 per share of common stock, scheduled to be paid on June 13, 2025, to shareholders on record as of May 15, 2025. The dividend represents an annual yield of 0.82%, supported by the company's strong financial health score of GREAT according to InvestingPro analysis.

This move is in line with Cintas's long-standing practice of sharing profits with its shareholders. The company has a history of consistently increasing its dividend annually since its initial public offering in 1983, marking a 41-year streak of dividend growth. InvestingPro data confirms that Cintas has maintained dividend payments for 33 consecutive years, with impressive gross profit margins of nearly 50%.

The future of Cintas's dividend payments remains subject to the Board of Directors' discretion. Factors that may influence dividend decisions include the company's performance, financial standing, capital needs, existing contractual obligations, as well as broader business opportunities and conditions.

Cintas is known for its comprehensive range of products and services designed to ensure businesses operate smoothly. The company's offerings include uniforms, cleaning products, safety supplies, and fire protection services, catering to over one million businesses of varying sizes and sectors.

The company, which is a Fortune 500 entity, trades on the Nasdaq Global Select Market and is a component of both the S&P 500 Index and the Nasdaq-100 Index.

This dividend announcement is based on a press release statement from Cintas Corporation.

In other recent news, Cintas Corporation has reported a 7.9% organic revenue growth, with earnings per share (EPS) of $1.13, including a $0.03 benefit from a $15 million property sale. The company has slightly adjusted its fiscal year 2025 revenue guidance due to foreign exchange headwinds but maintains its organic revenue growth guidance at the upper end of 7.7%. Cintas also announced a leadership change, with Scott Garula set to become the new Chief Financial Officer, succeeding Mike Hansen, who will retire from his role in May 2025. Analysts have responded positively to these developments, with UBS raising its price target to $240 and maintaining a Buy rating, citing Cintas' robust growth profile and operational strength. Truist Securities also increased its price target to $230, maintaining a Buy rating after the company reported better-than-expected third-quarter results. Meanwhile, Morgan Stanley lifted its price target to $213, noting an optimistic outlook on future earnings. Cintas' decision to end its pursuit of acquiring UniFirst Corporation has shifted its focus to smaller strategic acquisitions and potential share buybacks. These recent developments highlight Cintas' resilience and adaptability in navigating current economic conditions.

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