Cintas Corporation Announces Annual Dividend
October 16 2012 - 8:46AM
Business Wire
Cintas Corporation (Nasdaq:CTAS) announced that the
Company’s Board of Directors approved a 64 cents per share annual
dividend at its meeting today. This dividend represents an 18.5%
increase over last year’s annual dividend of 54 cents per share.
This dividend is payable on December 12, 2012, to shareholders of
record as of November 9, 2012.
Robert J. Kohlhepp, Chairman of the Board of Cintas said, "We
had record sales and earnings per share for the fiscal year ended
May 31, 2012. Given these excellent results together with our
strong financial position, we are pleased to announce an increase
in the dividend for the 30th consecutive year. The dividend
together with our share buyback program during the year continues
to demonstrate our commitment to increasing shareholder value."
About Cintas
Headquartered in Cincinnati, Cintas Corporation provides highly
specialized services to businesses of all types primarily
throughout North America. Cintas designs, manufactures and
implements corporate identity uniform programs, and provides
entrance mats, restroom cleaning services and supplies, carpet and
tile cleaning services, promotional products, first aid, safety and
fire protection products and services and document management
services for approximately one million businesses. Cintas is a
publicly held company traded over the Nasdaq Global Select Market
under the symbol CTAS and is a component of the Standard & Poor
500 Index.
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," "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. Such statements are based upon current
expectations of Cintas and speak only as of the date made. You
should not place undue reliance on any forward-looking statement.
We cannot guarantee that any forward-looking statement will be
realized. 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. 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, 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, disruptions caused by the
inaccessibility of computer systems data, 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, 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 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. 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, 2012,
and in our reports on Forms 10-Q and 8-K. The risks and
uncertainties described herein are not the only ones we may face.
Additional risks and uncertainties presently not known to us or
that we currently believe to be immaterial may also harm our
business.
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