Cintas Corporation Announces Quarterly Cash Dividend
January 11 2022 - 10:34AM
Business Wire
Cintas Corporation (Nasdaq: CTAS) announced that the
Company’s Board of Directors approved a quarterly cash dividend of
$0.95 per share of common stock payable on March 15, 2022 to
shareholders of record at the close of business on February 15,
2022. Cintas has a strong record of returning capital to its
shareholders and has consistently raised its dividend each year
since Cintas’ initial public offering 38 years ago in 1983.
Any future dividend declarations, including the amount of any
dividends, are at the discretion of the Board of Directors and
dependent upon then-existing conditions, including the Company’s
operating results and financial condition, capital requirements,
contractual restrictions, business prospects and other factors that
the Board of Directors may deem relevant.
Cintas
Cintas Corporation helps more than one million businesses of all
types and sizes get Ready™ to open their doors with
confidence every day by providing products and services that help
keep their customers’ facilities and employees clean, safe, and
looking their best. With offerings including uniforms, mats, mops,
restroom supplies, first aid and safety products, fire
extinguishers and testing, and safety training, Cintas helps
customers get Ready for the Workday®. The Company is also
the creator of the Total Clean Program™ — a first-of-its-kind
service that includes scheduled delivery of essential cleaning
supplies, hygienically clean laundering, and sanitizing and
disinfecting products and services. Headquartered in Cincinnati,
Cintas is a publicly held Fortune 500 company traded over the
Nasdaq Global Select Market under the symbol CTAS and is a
component of both the Standard & Poor’s 500 Index and
Nasdaq-100 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; the effect on operations
of exchange rate fluctuations, tariffs and other political,
economic and regulatory risks; 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;
the effect of new accounting pronouncements; disruptions caused by
the inaccessibility of computer systems data, including
cybersecurity risks; 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 including viral pandemics such
as the COVID-19 coronavirus; 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, 2021 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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version on businesswire.com: https://www.businesswire.com/news/home/20220111005852/en/
J. Michael Hansen, Executive Vice President and Chief Financial
Officer - 513-972-2079 Paul F. Adler, Vice President - Treasurer
& Investor Relations - 513-972-4195
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