Cintas Board of Directors Approves 4-For-1 Stock Split
Cintas (Nasdaq: CTAS) announced a four-for-one split of its common stock, increasing accessibility to investors, including employee-partners.
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Stock split to increase accessibility to all investors, including Cintas employee-partners.
“At Cintas, we call our employees ‘partners’ in recognition of the value that each individual contributes to our success as a company. Our founder, Dick Farmer, also believed the importance of each employee-partner having ownership in the company to share collectively in that success,” said Todd Schneider, Cintas' President and Chief Executive Officer. “Cintas shares are trading near record highs as a result of our steadfast focus on serving our customers. We believe that the time is right to split the stock and increase its accessibility to our employee-partners and investors so that they can continue to share in the future growth of Cintas.”
The company expects that the stock split will increase the number of shares of Cintas’s outstanding common stock from approximately 101 million shares to approximately 404 million shares.
About Cintas
Cintas Corporation helps more than one million businesses of all types and sizes get Ready™ to open their doors with confidence every day by providing products and services that help keep their customers’ facilities and employees clean, safe, and looking their best. With offerings including uniforms, mats, mops, restroom supplies, first aid and safety products, fire extinguishers and testing, and safety training, Cintas helps customers get Ready for the Workday®. Headquartered in
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J. Michael Hansen, Executive Vice President, and Chief Financial Officer: 513-972-2079
Jared S. Mattingley, Vice President - Treasurer & Investor Relations: 513-972-4195
Source: Cintas Corporation