UniFirst Corp (UNF) Plans $0.04 Quarterly Dividend
UniFirst Corp (NYSE:UNF) declared a quarterly dividend on Tuesday, January 9th, RTT News reports. Investors of record on Friday, March 9th will be paid a dividend of 0.0375 per share by the textile maker on Friday, March 30th. This represents a $0.15 annualized dividend and a yield of 0.10%. The ex-dividend date of this dividend is Thursday, March 8th.
UniFirst has a payout ratio of 2.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect UniFirst to earn $6.04 per share next year, which means the company should continue to be able to cover its $0.15 annual dividend with an expected future payout ratio of 2.5%.
UniFirst (NYSE UNF) opened at $154.60 on Friday. The company has a market cap of $3,105.23, a PE ratio of 27.83, a P/E/G ratio of 2.83 and a beta of 0.68. UniFirst has a fifty-two week low of $130.25 and a fifty-two week high of $176.15.
In other UniFirst news, VP Michael A. Croatti sold 1,216 shares of the business’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $168.99, for a total value of $205,491.84. Following the completion of the sale, the vice president now directly owns 3,375 shares of the company’s stock, valued at approximately $570,341.25. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, VP David A. Difillippo sold 1,266 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $158.95, for a total transaction of $201,230.70. Following the completion of the sale, the vice president now directly owns 7,067 shares of the company’s stock, valued at $1,123,299.65. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,991 shares of company stock valued at $984,799. 1.00% of the stock is owned by corporate insiders.
Several equities research analysts have issued reports on the stock. Zacks Investment Research raised shares of UniFirst from a “sell” rating to a “hold” rating in a research report on Wednesday, December 20th. ValuEngine raised shares of UniFirst from a “hold” rating to a “buy” rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $180.00.
UniFirst Company Profile
UniFirst Corporation is a provider of workplace uniforms and protective work wear clothing in the United States. The Company designs, manufactures, personalizes, rents, cleans, delivers, and sells a range of uniforms and protective clothing, including shirts, pants, jackets, coveralls, lab coats, smocks, aprons and specialized protective wear, such as flame resistant and high visibility garments.
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