Cintas Corporation Announces Annual Dividend Increased for the 37th Consecutive Year - Also Announces Quarterly Dividend and Change to Dividend Policy September Cintas Corporation Announces Fiscal 2021 First Quarter Results According to Zacks Investment Research, based on 9 analysts’ forecasts, the consensus EPS forecast for the quarter is $2.18. announced Tuesday a new annual dividend rate of $2.81 share, up 10.2% from its previous dividend rate, and said it is changing its payout policy to a quarterly dividend from one annual payout. The dividend yield measures the ratio of dividends paid / share price. CTAS, In addition to the annual dividend, we utilized cash to purchase $393.1 million of Cintas stock in fiscal 2020 to date, including $200.0 million in March 2020. Cintas shares are up 27% so far this year. Cintas reported revenue of $1.76 billion, compared to $1.84 billion in the second quarter of last year. Dividend Yield Definition. View 4,000+ financial data … Review CTAS (XNAS) dividend yield and history, to decide if CTAS is the best investment for you. The previous Cintas Corporation dividend was 70c and it went ex 2 months ago and it was paid 29 days ago. Chart attached shows a steady uptrend in Cintas’s dividend … Growth on a Per-Share Basis Year 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2026 EPS $1.68 $2.27 $2.52 $2.79 $3.44 … The report will be for the fiscal Quarter ending Nov 2020. Q2 2020 Earnings Conference Call. Cintas also announced that the Board of Directors approved a change in dividend policy from an annual dividend to quarterly dividends. For this reason of its overvaluation I recommend you continue avoiding Cintas stock. Cintas has been increasing its dividend for 36 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. Dividend Summary. Total dividends per year is based on the dividend … A further list and description of risks, uncertainties and other matters can be found in our Annual Report on Form 10-K for the year ended May 31, 2020 and in our reports on Forms 10-Q and 8-K. Tomi Kilgore is MarketWatch's deputy investing and corporate news editor and is based in New York. The Board of Directors also declared a quarterly dividend of $0.70 per share, which is payable on December 4, 2020 to shareholders of record as of November 6, 2020. has gained 5.3%. Revenues fell 4.7% in the year-to-year quarterly period to … Cintas also announced that the Board of Directors approved a change in dividend policy from an annual dividend to quarterly dividends. 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 a wide range of products and services that enhance our customers’ image and help keep their facilities and employees clean, safe and looking their best. Cintas Corp. (CTAS) Declares $0.70 Quarterly Dividend, Increase of 10.2% Cintas Corp. (CTAS) Raises Annual Dividend 24.4% to $2.55; Approves $1B Buyback Program The Board of Directors also declared a quarterly dividend of $0.70 per share, which is payable on December 4, 2020 to shareholders of record as of November 6, 2020. The risks and uncertainties described herein are not the only ones we may face. As of 10/28/2020, Dividends per Basic Common Share is likely to grow to 2.75, while Payment of Dividends and Other Cash Distributions is likely to drop (275 M).The Cintas could be a main factor of why investors buy Cintas … Cintas undertakes no obligation to publicly release any revisions to any forward-looking statements or to otherwise update any forward-looking statements whether as a result of new information or to reflect events, circumstances or any other unanticipated developments arising after the date on which such statements are made. The ex-dividend date was Thursday, November 5th. As is the case for many dividend stocks, 2020 performance has been a tale of two distinct periods for the Aristocrats. However, our value proposition of getting our customers Ready for the Workday® has resonated loudly, and our employees, whom we call partners, have been resilient in this difficult environment. Cintas also announced that the Board of Directors approved a change in dividend policy from an annual dividend to quarterly dividends. Cintas Corporation (NASDAQ:CTAS). Such statements are based upon current expectations of Cintas and speak only as of the date made. Bloomberg the Company & Its Products The Company & its Products Bloomberg Terminal Demo Request Bloomberg Anywhere Remote Login Bloomberg Anywhere Login Bloomberg Customer Support Customer Support Cintas (CTAS) hikes dividend, changes payout policy December 30, 2020 December 30, 2020 Cintas Corporation ( NASDAQ: CTAS ), a leading provider of corporate uniforms, has raised its annual dividend by 10% and changed its payout policy to a quarterly basis. Cintas Dividend Yield is relatively stable at the moment as compared to the past year. *** So far this thesis to avoid Dividend Aristocrat Cintas has continued playing out after it released its most up to date quarterly earnings on December 22 nd 2020… Sort of. This is a positive change from Cintas’s previous quarterly dividend of $0.64. Factors that might cause such a difference include, but are not limited to, the possibility of greater than anticipated operating costs including energy and fuel costs; lower sales volumes; loss of customers due to outsourcing trends; the performance and costs of integration of acquisitions; fluctuations in costs of materials and labor including increased medical costs; costs and possible effects of union organizing activities; failure to comply with government regulations concerning employment discrimination, employee pay and benefits and employee health and safety; the effect on operations of exchange rate fluctuations, tariffs and other political, economic and regulatory risks; uncertainties regarding any existing or newly-discovered expenses and liabilities related to environmental compliance and remediation; the cost, results and ongoing assessment of internal controls for financial reporting required by the Sarbanes-Oxley Act of 2002; the effect of new accounting pronouncements; disruptions caused by the inaccessibility of computer systems data, including cybersecurity risks; the initiation or outcome of litigation, investigations or other proceedings; higher assumed sourcing or distribution costs of products; the disruption of operations from catastrophic or extraordinary events including viral pandemics such as the COVID-19 coronavirus; the amount and timing of repurchases of our common stock, if any; changes in federal and state tax and labor laws; and the reactions of competitors in terms of price and service. Cintas also announced that the Board of Directors approved a change in dividend policy from an annual dividend to quarterly dividends. The current TTM dividend payout for Cintas (CTAS) as of November 27, 2020 is $3.51. SPX, The Private Securities Litigation Reform Act of 1995 provides a safe harbor from civil litigation for forward-looking statements. Mike Hansen – Executive Vice President and Chief Financial Officer Dividend paying stocks like Cintas Corporation (NASDAQ:CTAS) tend to be popular with investors, and for good reason – some research suggests a significant amount of all stock market returns come from reinvested dividends.If you are hoping to live on the income from dividends, it’s important to be a lot more … The historical dividend information provided is for informational purposes only, and is not intended for trading purposes. The uniform maker declared a 70-cent quarterly dividend, payable Dec. 4 to shareholders of record on Nov. 6. S S 1995 2000 2005 2010 2015 2020 2000 2010 2020 $0 $400 0.0% 2.4% Zoom 1m 3m 6m YTD 1y All From Jan 1, 1994 To Dec 28, 2020 Price (split-adjusted) Trailing Yield Stock Split Legend (Click to show / hide lines) Compare CTAS to Popular Consumer Discretionary Sector Dividend Funds The next Cintas Corporation dividend is expected to go ex in 10 months and to be paid in 11 months. Based on Monday's stock closing price of $328.93, the new annual dividend rate implies a yield of 0.85%, compared with the implied dividend yield for the S&P 500 +0.71% The company has grown its dividend for the last 36 consecutive years and is increasing its dividend by an average of 24.23% each year. Cintas Corp. CTAS, +0.51% announced Tuesday a new annual dividend rate of $2.81 share, up 10.2% from its previous dividend rate, and said it … 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 reported last year Dividend Yield of 0.01. Dividend Aristocrat Cintas Corporation (CTAS) will raise its annual dividend by 10.2 percent to $2.81 per share in 2020. In addition, we remain committed to delivering shareholder value, and our double-digit dividend increase even in this difficult environment reflects that commitment.”. The Rentals operating segment designs and manufactures corporate identity uniforms which it rents to … NasdaqGS:CTAS Historic Dividend October 29th 2020 Payout ratios. Jaguar Health shares soar 40% in heavy volume, on track for 18-month high, U.S. regulator says banks can use stablecoins, connect to blockchains, Morgan Stanley lifts target price on Tesla to $810, while Barclays reiterates $230 view, Warnock projected to win Georgia Senate race, as Ossoff clings to slim lead, Stock-market futures mixed, bond yields pop as Democrats win at least one Georgia Senate runoff race, American colleges are facing a $130 billion crisis, My sister became my father’s power of attorney, took out a reverse mortgage on his home, and installed a security camera to monitor visitors. +0.71% If a company is paying more than it earns, then the dividend might become unsustainable - hardly an ideal situation. Also Announces Quarterly Dividend and Change to Dividend Policy. We cannot guarantee that any forward-looking statement will be realized. CAUTION CONCERNING FORWARD-LOOKING STATEMENTS. The reported EPS for the same … The dividend payout ratio of Cintas is 43.28%. Cintas Corporation reported second quarter earnings ended November 30, 2020, for fiscal year 2021, that beat analyst expectations. So we need to form a view on if a company's dividend is sustainable, relative to its net profit … Scott D. Farmer, Cintas’ Chairman and Chief Executive Officer, stated, “The COVID-19 coronavirus pandemic has been a significant disruption to the U.S. economy and our business. Last year Cintas hiked its dividend by 24.4 percent to $2.55 per share, marking the 37th consecutive year of dividend increases. Forward-looking statements may be identified by words such as “estimates,” “anticipates,” “predicts,” “projects,” “plans,” “expects,” “intends,” “target,” “forecast,” “believes,” “seeks,” “could,” “should,” “may” and “will” or the negative versions thereof and similar words, terms and expressions and by the context in which they are used. This represents a stunning 16% compounded annual growth rate (CAGR) over 23 years. July 23, 2020 10:00 AM ET. There is typically 1 dividend per year (excluding specials). Cintas is a dividend aristocrat stock having raised dividends for 36 consecutive years. It is worth noting here that Cintas announced a 10.2% hike in its annual dividend rate, which now stands at $2.81. +1.54% Analysts anticipated … J. Michael Hansen, Executive Vice President and Chief Financial Officer - 513-972-2079, Paul F. Adler, Vice President and Treasurer - 513-972-4195. These statements are subject to various risks, uncertainties, potentially inaccurate assumptions and other factors that could cause actual results to differ from those set forth in or implied by this Press Release. Additional risks and uncertainties presently not known to us, or that we currently believe to be immaterial, may also harm our business. Historical dividend payout and yield for Cintas (CTAS) since 1993. 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 the Nasdaq-100 Index. CTAS's most recent quarterly dividend payment was made to shareholders of record on Friday, December 4. Companies with a higher dividend yield tend to have a business model that allows them to pay out more dividends from net income like real estate and consumer defensive stocks. Cintas also announced that the Board of Directors approved a change in dividend policy from an annual dividend to quarterly dividends. The company has grown dividends from 8.3 cents per share in 1996 to $2.55 per share in 2019. Cintas pays an annual dividend of $3.51 per share, with a dividend yield of 0.99%. Cintas’s dividend payout ratio is presently 43.28%. Copyright © 2021 MarketWatch, Inc. All rights reserved. The current dividend yield for Cintas as of November 27, 2020 is 0.97%… Investors of record on Friday, November 6th were given a $0.70 dividend. C intas Corporation reported second quarter earnings ended November 30, 2020, for fiscal year 2021, that beat analyst expectations. Cintas shares are up 27% so far this year. Company Participants. You can follow him on Twitter @TomiKilgore. Cintas Corporation is expected* to report earnings on 12/22/2020 before market open. The Board of Directors also declared a quarterly dividend of $0.70 per share, which is payable on December 4, 2020 to shareholders of record as of November 6, 2020. The Company expects future quarterly dividend payments to occur in March, June, September and December. Find the latest dividend history for Cintas Corporation Common Stock (CTAS) at Nasdaq.com. With products and services including uniforms, floor care, restroom supplies, first aid and safety products, fire extinguishers and testing, and safety and compliance training, Cintas helps customers get Ready for the Workday®. The historical dividend information is provided by Mergent, a third party service, and Cisco Systems does not maintain or provide information directly to this service. SPX, Cintas Corp. Cintas pays an annual dividend of $3.51 per share and currently has a dividend yield of 1.00%. This is the 37th consecutive year that the annual dividend has increased, which is every year since Cintas’ initial public offering in 1983. Cintas Dividend: 0.70 for Nov. 5, 2020. Cintas Corp's dividend growth rate is greater than 78.75% of dividend issuers in the large-sized market cap class, where it lives. ... (CTAS), which gained 35%. This dividend is payable on December 4, 2020 to shareholders of record as of November 6, 2020. You should not place undue reliance on any forward-looking statement. The company is divided into two operating segments: Rentals and Other Services. Dividends are usually paid out of company earnings. CINCINNATI--(BUSINESS WIRE)--Cintas Corporation (Nasdaq: CTAS) announced that the Company’s Board of Directors approved a $2.81 per share annual dividend at its meeting today, representing an increase of 10.2% over last year’s dividend. of 1.70%. Payment of this dividend will be made on Dec 4, 2020. This represents a $2.80 annualized dividend and a yield of 0.80%. Dec 21, 2020 at 8:05AM ... Cintas has also increased its dividend 37 years in a row, making it a member in good standing of the Dividend … Cintas Corp. provides a specialized service to businesses of all types - from small service and manufacturing companies to major corporations. In addition, it remains committed to rewarding shareholders handsomely through dividend payments and share buybacks. The company also announced that it will start paying a quarterly dividend. Shares of Jaguar Health Inc., a developer of plant-based medicines for people and animals, soared more than 40% on Tuesday in heavy volume, extending their recent strong gains and putting the stock on track for its highest level since mid-2019. Cintas also raised its annual dividend by more than 10% to $2.81 for 2020. 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