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.