Cintas Corporation Announces Quarterly Cash Dividend

Rhea-AI Summary

Cintas (CTAS) announces a quarterly cash dividend of $1.35 per share, continuing its 41-year tradition of increasing dividends. The company focuses on providing products and services to businesses for cleanliness, safety, and appearance. Future dividends depend on various factors. Cintas is a Fortune 500 company traded on Nasdaq.

CINCINNATI--(BUSINESS WIRE)-- Cintas Corporation (Nasdaq: CTAS) announced that the Company’s Board of Directors approved a quarterly cash dividend of $1.35 per share of common stock payable on June 14, 2024, to shareholders of record at the close of business on May 15, 2024. Cintas has a strong record of returning capital to its shareholders and has consistently raised its dividend each year since Cintas’ initial public offering 41 years ago in 1983.

Any future dividend declarations, including the amount of any dividends, are at the discretion of the Board of Directors and dependent upon then-existing conditions, including the Company’s operating results and financial condition, capital requirements, contractual restrictions, business prospects and other factors that the Board of Directors may deem relevant.

Cintas

Cintas Corporation helps more than one million businesses of all types and sizes get Ready™ to open their doors with confidence every day by providing products and services that help keep their customers’ facilities and employees clean, safe, and looking their best. With offerings including uniforms, mats, mops, towels, restroom supplies, workplace water services, first aid and safety products, eye-wash stations, safety training, fire extinguishers, sprinkler systems and alarm service, Cintas helps customers get Ready for the Workday^®. Headquartered in Cincinnati, Cintas is a publicly held Fortune 500 company traded over the Nasdaq Global Select Market under the symbol CTAS and is a component of both the Standard & Poor’s 500 Index and Nasdaq-100 Index.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240409379426/en/

J. Michael Hansen, Executive Vice President, and Chief Financial Officer - 513-972-2079

Jared S. Mattingley, Vice President - Treasurer & Investor Relations - 513-972-4195

Source: Cintas Corporation

FAQ

What is the quarterly cash dividend announced by Cintas (CTAS)?

Cintas (CTAS) announced a quarterly cash dividend of $1.35 per share of common stock.

How long has Cintas (CTAS) been increasing its dividends?

Cintas (CTAS) has been consistently raising its dividend each year since its initial public offering 41 years ago in 1983.

What factors determine future dividend declarations for Cintas (CTAS)?

Future dividend declarations for Cintas (CTAS) depend on various factors such as operating results, financial condition, capital requirements, business prospects, and other relevant factors.

What products and services does Cintas (CTAS) provide to businesses?

Cintas (CTAS) provides products and services including uniforms, mats, mops, towels, restroom supplies, workplace water services, safety products, training, fire extinguishers, sprinkler systems, and alarm service.

Where is Cintas (CTAS) headquartered?

Cintas (CTAS) is headquartered in Cincinnati.

What stock exchange is Cintas (CTAS) traded on?

Cintas (CTAS) is traded on the Nasdaq Global Select Market.

What stock market indices is Cintas (CTAS) a component of?

Cintas (CTAS) is a component of both the Standard & Poor’s 500 Index and Nasdaq-100 Index.