Table of Contents

company-logo

Vestis Corporation provides uniform rentals and workplace supplies in the United States and Canada. Its products include uniform options, such as shirts, pants, outerwear, gowns, scrubs, high visibility garments, particulate-free garments, and flame-resistant garments, as well as shoes and accessories; and workplace supplies, including managed restroom supply services, first-aid supplies and safety products, floor mats, towels, and linens. The company serves manufacturing, hospitality, retail, food processing, food service, pharmaceuticals, healthcare, automotive, and cleanroom industries. Vestis Corporation was founded in 1936 and is headquartered in Roswell, Georgia.

Vestis Dividend Announcement

• Vestis announced a quarterly dividend of $0.04 per ordinary share which will be made payable on 2024-10-03. Ex dividend date: 2024-09-13
• Vestis annual dividend for 2024 was $0.11
• Vestis annual dividend for 2023 was $0.04
• Vestis's trailing twelve-month (TTM) dividend yield is 1.24%
• Vestis's payout ratio for the trailing twelve months (TTM) is 876.82%

Vestis Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-09-13$0.04quarterly2024-10-03
2024-06-14$0.04quarterly2024-07-02
2024-03-14$0.04quarterly2024-04-04
2023-12-14$0.04quarterly2024-01-04

Vestis Dividend per year

Vestis Dividend Yield

Vestis current trailing twelve-month (TTM) dividend yield is 1.24%. Interested in purchasing Vestis stock? Use our calculator to estimate your expected dividend yield:

Vestis Financial Ratios

P/E ratio10.12
PEG ratio0.10
P/B ratio2.06
ROE20.50%
Payout ratio876.82%
Current ratio2.37
Quick ratio1.09
Cash Ratio0.07

Vestis Dividend FAQ

Does Vestis stock pay dividends?
Vestis does not currently pay dividends to its shareholders.
Has Vestis ever paid a dividend?
No, Vestis has no a history of paying dividends to its shareholders. Vestis is not known for its dividend payments.
Why doesn't Vestis pay dividends?
There are several potential reasons why Vestis would choose not to pay dividends to their shareholders:

1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.

2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.

3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.

4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.

5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
Will Vestis ever pay a dividend?
The decision for a company to pay dividends depends on various factors including its financial performance, growth prospects, capital allocation priorities, and shareholder preferences. While Vestis has not paid dividends historically and has instead focused on reinvesting its earnings for growth, it's ultimately up to the company's management and board of directors to decide whether to initiate a dividend policy in the future.
Is Vestis a dividend aristocrat?
Vestis is not considered a Dividend Aristocrat. The term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Vestis a dividend king?
Vestis is not classified as a "Dividend King". A Dividend King is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Vestis a dividend stock?
No, Vestis is not considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
How to buy Vestis stocks?
To buy Vestis you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees and account minimums.

Place an order: Use the brokerage's trading platform to place an order to buy Vestis stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.