Cintas Corp Stock Price, News & Analysis

Design Collective® by Cintas achieved 7 Image of the Year Awards at the NAUMD annual convention in Atlanta, recognizing excellence in employee apparel across various industries. Notable awards include:

• Entertainment: Ritz Carlton Yacht Collection
• Lodging: The Conrad Nashville
• Lodging: Renaissance Aruba
• Restaurants: The Shore House at Hotel Del Coronado
• Retail: Verizon Retail Team Apparel
• Services: ADT Sales Team Program
• Transportation: Pepsi Bottling Ventures Apparel Program

Each awarded program emphasized collaboration, unique designs, and functionality tailored to employee needs while enhancing brand identity.

Redaptive is collaborating with Cintas Corporation (Nasdaq: CTAS) on a multi-year initiative to reduce energy consumption and achieve net zero GHG emissions by 2050. The first phase involves replacing over 42,000 incandescent and fluorescent lights with LED lighting at more than 100 of Cintas' largest facilities in the U.S. and Canada, leading to annual CO₂ savings of over 7,050 metric tons. Phase 2 will pilot solar installations, starting with a site in Piscataway, New Jersey, expected to be operational by late spring 2023. This collaboration underscores Cintas' commitment to sustainability and energy efficiency.

Cintas Corporation has appointed Martin “Marty” Mucci to its Board of Directors, expanding the board to 10 members. Mucci, currently the Chairman at Paychex, previously served as CEO for 12 years, transforming it from a payroll service into a technology-driven service leader. His background in B2B services and digital innovation is expected to provide valuable insights to Cintas as it focuses on enhancing its customer digital experience. Mucci will serve on the Audit and Nominating and Corporate Governance Committees. The leadership change aligns with Cintas’ goal to strengthen its position in the business services industry.

Cintas Corporation (Nasdaq: CTAS) has announced a quarterly cash dividend of $1.15 per share of common stock, payable on June 15, 2023, to shareholders of record by May 15, 2023. This payout continues Cintas' solid history of returning capital to shareholders, having increased its dividend annually since its IPO in 1983.

The future dividend amounts will be determined by the Board of Directors, based on various factors including operating results, financial condition, and business prospects.

Cintas provides essential products and services for businesses, helping them maintain clean and safe environments.

Cintas Corporation (NASDAQ: CTAS) has announced the retirement of Michael L. Thompson, Executive Vice President and Chief Administration Officer, effective August 31, 2023. Thompson has served in various roles since joining the company in 1994, including Corporate Controller and CIO. Jim Rozakis, currently President and COO of the Rental Division, will be promoted to the role of EVP and COO starting June 1, 2023. Thompson's responsibilities will be redistributed, as Cintas will not fill the CAO position at this time. The transition marks a significant leadership change for Cintas, emphasizing customer experience and strategic growth within the company.