Cintas Corporation Declares Quarterly Dividend of $0.45 (NASDAQ:CTAS)

by · The Markets Daily

Cintas Corporation (NASDAQ:CTAS – Get Free Report) declared a quarterly dividend on Tuesday, January 20th. Shareholders of record on Friday, February 13th will be paid a dividend of 0.45 per share by the business services provider on Friday, March 13th. This represents a c) dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, February 13th.

Cintas has raised its dividend 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% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Cintas to earn $4.77 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 37.7%.

Cintas Stock Performance

Cintas stock opened at $193.74 on Wednesday. The company’s 50-day moving average price is $187.76 and its 200-day moving average price is $199.42. The company has a quick ratio of 1.49, a current ratio of 1.71 and a debt-to-equity ratio of 0.54. The company has a market cap of $77.47 billion, a PE ratio of 56.48, a price-to-earnings-growth ratio of 3.35 and a beta of 0.97. Cintas has a twelve month low of $180.39 and a twelve month high of $229.24.

Cintas (NASDAQ:CTAS – Get Free Report) last released its quarterly earnings results on Thursday, December 18th. The business services provider reported $1.21 EPS for the quarter, topping the consensus estimate of $1.20 by $0.01. Cintas had a return on equity of 41.07% and a net margin of 17.58%.The company had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.77 billion. During the same quarter last year, the business posted $1.09 earnings per share. The firm’s revenue was up 9.3% on a year-over-year basis. Cintas has set its FY 2026 guidance at 4.810-4.880 EPS. On average, equities research analysts forecast that Cintas will post 4.31 EPS for the current fiscal year.

Cintas declared that its Board of Directors has approved a share buyback program on Tuesday, October 28th that authorizes the company to repurchase $1.00 billion in shares. This repurchase authorization authorizes the business services provider to reacquire up to 1.3% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

About Cintas

(Get Free Report)

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.

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