CTAS - Cintas raises dividend by 21% to $1.15/share; announces additional $1B stock buyback authorization
- Cintas ( NASDAQ: CTAS ) declares $1.15/share quarterly dividend , 21.1% increase from prior dividend of $0.95.
- Forward yield 1.16%
- Payable Sept. 15; for shareholders of record Aug. 15; ex-div Aug. 12.
- Cintas ( CTAS ) also announced that the board of directors approved an additional share buyback program under which the Company may buy up to $1B of Cintas common stock at market prices. This program is in addition to a current program with $0.5B of Cintas common stock remaining. Thus, in total, the Company may buy up to $1.5B of Cintas common stock at market prices.
- See CTAS Dividend Scorecard, Yield Chart, & Dividend Growth.
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Cintas raises dividend by 21% to $1.15/share; announces additional $1B stock buyback authorization