Mops
Search documents
Cintas Corporation Announces Quarterly Cash Dividend
Businesswire· 2026-01-20 19:55
Core Viewpoint - Cintas Corporation has announced a quarterly cash dividend of $0.45 per share, reflecting its commitment to returning capital to shareholders and a consistent history of annual dividend increases since its IPO in 1983 [1]. Group 1: Dividend Announcement - The Board of Directors approved a quarterly cash dividend of $0.45 per share, payable on March 13, 2026, to shareholders of record as of February 13, 2026 [1]. - Cintas has a strong track record of returning capital to shareholders, having raised its dividend every year for 42 years since its initial public offering [1]. Group 2: Future Dividend Considerations - Future dividend declarations, including amounts, are at the discretion of the Board of Directors and depend on various factors such as operating results, financial condition, capital requirements, and business prospects [2]. Group 3: Company Overview - Cintas Corporation provides a range of products and services to over one million businesses, helping them maintain clean, safe, and presentable facilities [3]. - The company offers various services including uniforms, mats, mops, towels, restroom supplies, workplace water services, first aid and safety products, and fire safety services [3]. - Cintas is headquartered in Cincinnati and is publicly traded on the Nasdaq under the symbol CTAS, being a component of both the S&P 500 Index and Nasdaq-100 Index [3].
Cintas Isn’t Taking Years of No for an Answer, Makes Fresh Bid for UniFirst
Yahoo Finance· 2025-12-22 13:16
Core Viewpoint - Cintas is making a renewed attempt to acquire UniFirst for $5.2 billion, indicating persistence after nearly four years of unsuccessful negotiations [1][5]. Group 1: Acquisition Details - Cintas has offered to acquire all outstanding common and Class B shares of UniFirst at $275 each, leading to a total deal value of approximately $5.2 billion [2][5]. - The offer includes a $350 million reverse termination fee to ensure regulatory approval, demonstrating Cintas's commitment to closing the deal [5]. Group 2: Market Reaction - Following the announcement of the acquisition offer, UniFirst shares increased by over 30% in premarket trading, while Cintas shares saw a slight uptick [3]. - UniFirst's stock closed at $170.16 prior to the offer, indicating that the proposed price represents a more than 60% premium compared to recent trading levels [6]. Group 3: Strategic Rationale - Cintas believes that merging with UniFirst presents strong strategic and industrial logic, reinforcing its long-standing interest in the acquisition [4][5]. - Cintas's initial interest dates back to February 2022, when it first proposed a $255 per share offer, which was a 43% premium at that time [7].
Cintas Gains Cramer Endorsement as Long-Term Buy Ahead of Q1 Results
Yahoo Finance· 2025-09-16 14:18
Group 1 - Cintas Corporation (NASDAQ:CTAS) is recognized as a long-term growth opportunity, endorsed by Jim Cramer, ahead of its Q1 fiscal year 2026 results announcement [1][2][3] - In Q4 2025, Cintas reported revenue of $2.67 billion, reflecting an 8% increase, and a total revenue of $10.34 billion for the full year 2025, marking a 7.7% increase with organic growth at 8% [2][3] - The company has been included in the Fortune 500 for the ninth consecutive year, indicating its strong market position [2] Group 2 - Cintas Corporation specializes in uniform rental and facility services, providing products such as uniforms, mats, mops, and first aid supplies to businesses across North America [4] - The company is headquartered in Ohio and has been operational since 1968, serving a diverse range of clients [4] - Institutional confidence is strong, with 57 hedge funds currently invested in Cintas stock, suggesting robust investor interest [3]