Cintas Corporation (CTAS) To Go Ex-Dividend on May 15th

Cintas Corporation (NASDAQ:CTAS) announced a quarterly dividend on Tuesday, April 14th. Stockholders of record on Friday, May 15th will be given a dividend of 0.45 per share by the business services provider on Monday, June 15th. This represents a c) dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, May 15th.

Cintas has raised its dividend payment by an average of 0.2%per year over the last three years and has increased its dividend annually for the last 42 consecutive years. Cintas has a dividend payout ratio of 33.8% meaning its dividend is sufficiently covered by earnings. Research analysts expect Cintas to earn $5.42 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 33.2%.

Cintas Stock Up 0.5%

Shares of CTAS opened at $165.42 on Wednesday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.74 and a current ratio of 1.98. Cintas has a one year low of $163.45 and a one year high of $229.24. The stock has a market capitalization of $66.18 billion, a price-to-earnings ratio of 46.73, a PEG ratio of 2.90 and a beta of 0.96. The stock has a 50 day moving average price of $179.84 and a 200 day moving average price of $186.25.

Cintas (NASDAQ:CTAS) last issued its quarterly earnings results on Wednesday, March 25th. The business services provider reported $1.24 EPS for the quarter, hitting the consensus estimate of $1.24. Cintas had a return on equity of 41.47% and a net margin of 17.57%.The firm had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $2.82 billion. During the same period in the previous year, the business earned $1.13 earnings per share. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. Equities research analysts forecast that Cintas will post 4.89 earnings per share for the current fiscal year.

Cintas Company Profile

Cintas Corporation (NASDAQ: CTAS) is a provider of business services and products focused on workplace appearance, safety and facility maintenance. The company is best known for its uniform rental and corporate apparel programs, which include rental, leasing and direct-purchase options, laundering and garment repair. Cintas markets its services to a wide range of end-users, including manufacturing, food service, healthcare, hospitality, retail and government customers.

Beyond uniforms, Cintas offers a suite of facility services and products designed to help organizations maintain clean, safe and compliant workplaces.