UniFirst Co. (NYSE:UNF) declared a quarterly dividend on Wednesday, April 7th, Wall Street Journal reports. Investors of record on Tuesday, June 8th will be given a dividend of 0.25 per share by the textile maker on Tuesday, June 29th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date is Monday, June 7th.

UniFirst has increased its dividend by 566.7% over the last three years and has increased its dividend every year for the last 1 years.

NYSE UNF opened at $219.54 on Thursday. The firm’s fifty day moving average price is $236.94 and its 200 day moving average price is $208.99. The company has a market capitalization of $4.14 billion, a price-to-earnings ratio of 32.29 and a beta of 1.03. UniFirst has a 12 month low of $145.96 and a 12 month high of $258.86.

UniFirst (NYSE:UNF) last posted its earnings results on Tuesday, March 30th. The textile maker reported $1.71 EPS for the quarter, beating the Zacks’ consensus estimate of $1.68 by $0.03. UniFirst had a net margin of 7.25% and a return on equity of 7.48%. As a group, equities analysts expect that UniFirst will post 7.5 earnings per share for the current year.

In related news, VP David Martin Katz sold 500 shares of the firm’s stock in a transaction dated Thursday, April 1st. The shares were sold at an average price of $221.89, for a total value of $110,945.00. Following the completion of the sale, the vice president now owns 5,746 shares in the company, valued at $1,274,979.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Steven S. Sintros sold 982 shares of the firm’s stock in a transaction dated Thursday, April 1st. The shares were sold at an average price of $221.89, for a total transaction of $217,895.98. Following the completion of the sale, the chief executive officer now owns 17,587 shares of the company’s stock, valued at approximately $3,902,379.43. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,661 shares of company stock worth $367,943. Insiders own 1.10% of the company’s stock.

Several research analysts have issued reports on UNF shares. Zacks Investment Research downgraded shares of UniFirst from a “buy” rating to a “hold” rating in a research report on Wednesday. Robert W. Baird reissued a “neutral” rating and set a $248.00 price objective (up from $240.00) on shares of UniFirst in a research report on Monday, March 22nd.

UniFirst Company Profile

UniFirst Corporation provides workplace uniforms and protective work wear clothing in the United States, Europe, and Canada. The company operates through U.S. and Canadian Rental and Cleaning, Manufacturing, Specialty Garments Rental and Cleaning, and First Aid segments. It designs, manufactures, personalizes, rents, cleans, delivers, and sells a range of uniforms and protective clothing, including shirts, pants, jackets, coveralls, lab coats, smocks, and aprons; and specialized protective wear, such as flame resistant and high visibility garments.

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Dividend History for UniFirst (NYSE:UNF)

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