Cintas Corporation provides corporate identity uniforms and related business services primarily in the United States, Canada, and Latin America. It operates through Uniform Rental and Facility Services, First Aid and Safety Services, and All Other segments. The company rents and services uniforms and other garments, including flame resistant clothing, mats, mops and shop towels, and other ancillary items; and provides restroom cleaning services and supplies, as well as sells uniforms. It also offers first aid and safety services, and fire protection products and services. The company provides its products and services through its distribution network and local delivery routes, or local representatives to small service and manufacturing companies, as well as major corporations. Cintas Corporation was founded in 1968 and is headquartered in Cincinnati, Ohio.
Cintas Dividend Announcement
• Cintas announced a quarterly dividend of $0.39 per ordinary share which will be made payable on 2024-12-13. Ex dividend date: 2024-11-15
• Cintas annual dividend for 2024 was $8.70
• Cintas annual dividend for 2023 was $8.45
• Cintas's trailing twelve-month (TTM) dividend yield is 1.17%
• Cintas's payout ratio for the trailing twelve months (TTM) is 33.66%
• Cintas's dividend growth over the last five years (2018-2023) was 32.75% year
• Cintas's dividend growth over the last ten years (2013-2023) was 27.07% year
Cintas Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-11-15 | $0.39 | quarterly | 2024-12-13 |
2024-08-15 | $1.56 | quarterly | 2024-09-03 |
2024-05-14 | $1.35 | quarterly | 2024-06-14 |
2024-02-14 | $5.40 | quarterly | 2024-03-15 |
2023-11-14 | $1.35 | quarterly | 2023-12-15 |
2023-08-14 | $1.35 | quarterly | 2023-09-15 |
2023-05-12 | $1.15 | quarterly | 2023-06-15 |
2023-02-14 | $4.60 | quarterly | 2023-03-15 |
2022-11-14 | $1.15 | quarterly | 2022-12-15 |
2022-08-12 | $4.60 | quarterly | 2022-09-15 |
2022-05-13 | $3.80 | quarterly | 2022-06-15 |
2022-02-14 | $3.80 | quarterly | 2022-03-15 |
2021-11-12 | $3.80 | quarterly | 2021-12-15 |
2021-08-12 | $3.80 | quarterly | 2021-09-15 |
2021-05-13 | $3.00 | quarterly | 2021-06-15 |
2021-02-11 | $0.75 | quarterly | 2021-03-15 |
2020-11-05 | $3.51 | quarterly | 2020-12-04 |
2019-11-07 | $10.20 | quarterly | 2019-12-06 |
2018-11-08 | $2.05 | quarterly | 2018-12-07 |
2017-11-09 | $1.62 | quarterly | 2017-12-08 |
2016-11-02 | $1.33 | quarterly | 2016-12-02 |
2015-11-04 | $4.20 | quarterly | 2015-12-04 |
2014-11-05 | $6.80 | quarterly | 2014-12-05 |
2013-11-06 | $0.77 | quarterly | 2013-12-11 |
Cintas Dividend per year
Cintas Dividend growth
Cintas Dividend Yield
Cintas current trailing twelve-month (TTM) dividend yield is 1.17%. Interested in purchasing Cintas stock? Use our calculator to estimate your expected dividend yield:
Cintas Financial Ratios
Cintas Dividend FAQ
Other factors to consider when evaluating Cintas as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Cintas's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Cintas publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Cintas distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Cintas are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Cintas sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Cintas distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Cintas declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Cintas's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Cintas's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.