CTAS - Cintas announces $1.5B share buyback program; declares $0.95 dividend

Cintas (CTAS) Board of Directors have authorized an additional share buyback program, allowing the company to buy up to $1.5B of its common stock at market prices.The company has also declared a $0.95/share quarterly dividend, representing 26.7% increase from prior dividend of $0.75. The dividend will be payable on September 15, 2021 to investors of record at the close of business on August 13, 2021.The company reported its Q4 results on July 15, with EPS and revenue both beating estimates. For FY 2022, the company expects revenue to be in the range of $7.53 billion to $7.63 billion vs. consensus of $7.67B and diluted EPS to be in the range of $10.35 to $10.75 vs. consensus of $10.27."We achieved record revenue and earnings per share in our fiscal 2021. Given our excellent financial results and strong financial position, we are pleased to announce an increase in the quarterly dividend. The

For further details see:

Cintas announces $1.5B share buyback program; declares $0.95 dividend