Cintas increases dividend for 32nd consecutive year

Cintas Corporation (CTAS) will raise its annual dividend by 23.5%.

Dividend Aristocrat Cintas hikes the dividend, that is paid only once per year, from $0.85 to $1.05 per share, marking 32 consecutive years of higher dividend payments by the corporate uniforms provider.

Cintas, part of the Dividend Aristocrats Index, currently has an indicated dividend yield of 1.1% based on a stock price of $91.82. Cintas is the only Dividend Aristocrat that doesn't pay a quarterly dividend.

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