UniFirst Declares Increased Cash Dividends; New $100 Million Share Repurchase Authorization
October 24 2023 - 2:22PM
The Board of Directors of UniFirst Corporation (NYSE:UNF) today
declared increased quarterly cash dividends of $0.330 per share
(33.0 cents) on the Company's Common Stock and $0.264 per share
(26.4 cents) on the Company's Class B Common Stock. Both dividends
are payable on January 4, 2024 to shareholders of record on
December 7, 2023.
UniFirst also announced today that its Board of Directors
authorized a new share repurchase program allowing the Company to
repurchase up to $100.0 million of its outstanding common shares,
inclusive of the amount which remained available under the existing
share repurchase program approved in October 2021. Repurchases made
under the new program, if any, will continue to be made in either
the open market or in privately negotiated transactions, subject to
market conditions, applicable legal requirements, and other
relevant factors. The timing, manner, price and amount of any
repurchases will depend on a variety of factors and may be
suspended or discontinued at any time.
Headquartered in Wilmington, Mass., UniFirst Corporation (NYSE:
UNF) is a North American leader in the supply and servicing of
uniform and workwear programs, facility service products, as well
as first aid and safety supplies and services. Together with its
subsidiaries, the Company also manages specialized garment programs
for the cleanroom and nuclear industries. In addition to partnering
with leading brands, UniFirst manufactures its own branded
workwear, protective clothing, and floorcare products at its five
company-owned ISO-9001-certified manufacturing facilities. With
more than 270 service locations, over 300,000 customer locations,
and 16,000-plus employee Team Partners, the Company outfits more
than 2 million workers every day. For more information,
contact UniFirst at 888-296-2740 or visit UniFirst.com.
UniFirst Corporation |
|
978-658-8888 |
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Contact: |
Shane O’Connor |
|
EVP and Chief Financial Officer |
UniFirst (NYSE:UNF)
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