Cintas hikes dividend for 34th consecutive year

Cintas (CTAS) will raise its dividend by 21.8 percent.

The Dividend Aristocrat will increase its annual dividend to $1.62 per share.

This dividend is payable on December 8, 2017 to shareholders of record as of November 10, 2017. At the current stock price of $151 Cintas has an indicated dividend yield of 0.9%.
This is the 34(th) consecutive year that the annual dividend has increased, which is every year since Cintas went public in 1983. 
Scott D. Farmer, Chairman of the Board and Chief Executive Officer of Cintas said, “Fiscal 2017 was a transformational year for Cintas, as all of our businesses performed very well, and we completed the acquisition of G&K Services, Inc., the largest acquisition in company history. We are off to a good start in fiscal 2018, and Cintas’ future remains bright thanks to the dedication an d performance of our working partners.”

Last year Cintas hiked its dividend by 27 percent.

Cintas Corporation is a provider of corporate identity uniforms through rental and sales programs, as well as a provider of related business services, including entrance mats, restroom cleaning services and supplies, carpet and tile cleaning services, first aid and safety services, compliance training and fire protection products and services.

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