Cintas Corporation Announces Quarterly Cash Dividend

Rhea-AI Summary

Cintas Corporation announces quarterly cash dividend of $1.35 per share of common stock payable on December 15, 2023 to shareholders of record at the close of business on November 15, 2023.

Positive

• Cintas consistently raises its dividend each year since its IPO 41 years ago.

Negative

• No negative takes available.

CINCINNATI--(BUSINESS WIRE)-- Cintas Corporation (Nasdaq: CTAS) announced that the Company’s Board of Directors approved a quarterly cash dividend of $1.35 per share of common stock payable on December 15, 2023 to shareholders of record at the close of business on November 15, 2023. Cintas has a strong record of returning capital to its shareholders and has consistently raised its dividend each year since Cintas’ initial public offering 41 years ago in 1983.

Any future dividend declarations, including the amount of any dividends, are at the discretion of the Board of Directors and dependent upon then-existing conditions, including the Company’s operating results and financial condition, capital requirements, contractual restrictions, business prospects and other factors that the Board of Directors may deem relevant.

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, towels, restroom supplies, workplace water services, first aid and safety products, eye-wash stations, safety training, fire extinguishers, sprinkler systems and alarm service, Cintas helps customers get Ready for the Workday^®. Headquartered in Cincinnati, Cintas is a publicly held Fortune 500 company traded over the Nasdaq Global Select Market under the symbol CTAS and is a component of both the Standard & Poor’s 500 Index and Nasdaq-100 Index.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231024545308/en/

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

FAQ

What is the dividend amount announced by Cintas Corporation?

Cintas Corporation announced a quarterly cash dividend of $1.35 per share of common stock.

When will the dividend be payable and to whom?

The dividend will be payable on December 15, 2023, to shareholders of record at the close of business on November 15, 2023.

Does Cintas Corporation have a history of raising dividends?

Yes, Cintas Corporation has consistently raised its dividend each year since its initial public offering 41 years ago in 1983.