UniFirst Declares Increased Cash Dividends
UniFirst Corporation (NYSE: UNF) has announced an increase in its quarterly cash dividends, declaring $0.310 per share on Common Stock and $0.248 per share on Class B Common Stock.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
UniFirst Corporation (NYSE: UNF) has announced an increase in its quarterly cash dividends, declaring $0.310 per share on Common Stock and $0.248 per share on Class B Common Stock. Both dividends will be payable on January 4, 2023, to shareholders of record by December 7, 2022. As a leader in uniform and workwear services across North America, UniFirst also provides facility services, first aid products, and specialized garment programs, serving over 2 million workers daily from its 260 service locations and 300,000 customer sites.
Positive
- Increased quarterly cash dividends demonstrate company confidence in financial stability.
- Quarterly dividend of $0.310 for Common Stock is an attractive return for shareholders.
Negative
- None.
Details
News Market Reaction – UNF
The recorded move for UNF in the trading session of this news was +1.68%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
WILMINGTON, Mass., Oct. 25, 2022 (GLOBE NEWSWIRE) -- The Board of Directors of UniFirst Corporation (NYSE:UNF) today declared increased quarterly cash dividends of
Headquartered in Wilmington, Mass., UniFirst Corporation (NYSE: UNF) is a North American leader in the supply and servicing of uniform and workwear programs, as well as the delivery of facility service programs. Together with its subsidiaries, the company also provides first aid and safety products, and manages specialized garment programs for the cleanroom and nuclear industries. UniFirst manufactures its own branded workwear, protective clothing, and floorcare products, and with 260 service locations, over 300,000 customer locations, and 14,000 plus employee Team Partners, the company outfits over 2 million workers each business day. For more information, contact UniFirst at 800-455-7654 or visit UniFirst.com.
UniFirst Corporation
978-658-8888
Contact: Shane O’Connor
EVP and Chief Financial Officer
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