Unifirst Declares Increased Cash Dividends

Rhea-AI Summary

UniFirst (NYSE:UNF) announced increased quarterly cash dividends. The Board of Directors declared dividends of $0.350 per share on Common Stock and $0.280 per share on Class B Common Stock. Both dividends will be paid on January 3, 2025 to shareholders of record on December 6, 2024. UniFirst is a North American leader in uniform and workwear programs, facility services, and safety supplies, serving over 300,000 customer locations through 270 service locations and employing 16,000-plus Team Partners.

Positive

• Increased quarterly dividend payments to shareholders
• Large operational scale with 270 service locations
• Extensive customer base of over 300,000 locations
• Diversified business model across uniforms, workwear, and safety supplies
• Maintains ISO-9001 certification for manufacturing facilities

Negative

• None.

News Market Reaction

-0.35%

1 alert

-0.35% News Effect

On the day this news was published, UNF declined 0.35%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

WILMINGTON, Mass., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Wilmington, MA (October 29, 2024) -- The Board of Directors of UniFirst Corporation (NYSE:UNF) today declared increased quarterly cash dividends of $0.350 per share (35.0 cents) on the Company's Common Stock and $0.280 per share (28.0 cents) on the Company's Class B Common Stock. Both dividends are payable on January 3, 2025 to shareholders of record on December 6, 2024.

Headquartered in Wilmington, Mass., UniFirst Corporation (NYSE: UNF) is a North American leader in the supply and servicing of uniform and workwear programs, facility service products, as well as first aid and safety supplies and services. Together with its subsidiaries, the Company also manages specialized garment programs for the cleanroom and nuclear industries. In addition to partnering with leading brands, UniFirst manufactures its own branded workwear, protective clothing, and floorcare products at its five company-owned ISO-9001-certified manufacturing facilities. With more than 270 service locations, over 300,000 customer locations, and 16,000-plus employee Team Partners, the Company outfits more than 2 million workers every day.  For more information, contact UniFirst at 888-296-2740 or visit UniFirst.com.

 

UniFirst Corporation
978-658-8888
Contact:	Shane O’Connor
	EVP and Chief Financial Officer

FAQ

What is UniFirst's new quarterly dividend amount for 2025?

UniFirst (UNF) declared a quarterly dividend of $0.350 per share for Common Stock and $0.280 per share for Class B Common Stock.

When will UniFirst (UNF) pay its next dividend?

UniFirst will pay its next dividend on January 3, 2025, to shareholders of record as of December 6, 2024.

How many service locations does UniFirst (UNF) operate?

UniFirst operates more than 270 service locations, serving over 300,000 customer locations across North America.

What is UniFirst's (UNF) core business?

UniFirst is a North American leader in supplying and servicing uniform and workwear programs, facility service products, and first aid and safety supplies and services.