Cintas Corporation Announces 11.4% Increase in Annual Dividend
January 16 2007 - 2:50PM
Business Wire
Cintas Corporation (Nasdaq:CTAS) announced today that its Board of
Directors has approved an 11.4 percent increase in the Company�s
annual dividend to 39 cents per share from 35 cents per share. The
dividend is payable on March 13, 2007, to shareholders of record as
of February 6, 2007. Richard T. Farmer, Chairman and Founder of
Cintas said, �Our principal objective is to maximize the long-term
value of Cintas for our shareholders and working partners by
exceeding our customers� expectations. Since going public in 1983,
Cintas has paid a dividend each year. Dividends have increased at a
compound annual rate of 21 percent over that timeframe. Our track
record of consistent growth in sales, profits, and dividends
demonstrates our continued commitment to increasing shareholder
value.� The Company has long been recognized as a leader in
enhancing shareholder value, honored regularly as a �Dividend
Achiever� by Mergent Inc. To qualify for this list, companies must
have ten or more consecutive years of dividend growth. In 2006,
Fortune Magazine also recognized Cintas as �America�s Most Admired
Company� in the diversified outsourcing sector, which marked the
sixth consecutive year that Fortune recognized Cintas in their
prestigious list. About Cintas Headquartered in Cincinnati, Cintas
Corporation provides highly specialized services to businesses of
all types throughout North America. Cintas designs, manufactures
and implements corporate identity uniform programs, and provides
entrance mats, restroom supplies, promotional products, first aid
and safety products, fire protection services and document
management services for approximately 700,000 businesses. Cintas is
a publicly held company traded over the Nasdaq Global Select Market
under the symbol CTAS, and is a Nasdaq-100 company and component of
the Standard & Poor�s 500 Index. The Company has achieved 37
consecutive years of growth in sales and earnings, to date. CAUTION
CONCERNING FORWARD-LOOKING STATEMENTS The Private Securities
Litigation Reform Act of 1995 provides a safe harbor from civil
litigation for forward-looking statements. Forward-looking
statements may be identified by words such as �estimates,�
�anticipates,� �projects,� �plans,� �expects,� �intends,�
�believes,� �seeks,� �could,� �should,� �may� and �will� or the
negative versions thereof and similar expressions and by the
context in which they are used. Such statements are based upon
current expectations of Cintas and speak only as of the date made.
These statements are subject to various risks, uncertainties and
other factors that could cause actual results to differ from those
set forth in or implied by this news release. Factors that might
cause such a difference include, but are not limited to, the
possibility of greater than anticipated operating costs including
energy costs, lower sales volumes, 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, 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 initiation or
outcome of litigation, higher assumed sourcing or distribution
costs of products, the disruption of operations from catastrophic
events, changes in federal and state tax laws and the reactions of
competitors in terms of price and service. Cintas undertakes no
obligation to update any forward-looking statements to reflect
events or circumstances arising after the date on which they are
made.
Cintas (NASDAQ:CTAS)
Historical Stock Chart
From May 2024 to Jun 2024
Cintas (NASDAQ:CTAS)
Historical Stock Chart
From Jun 2023 to Jun 2024