has gained 5.3%. *** So far this thesis to avoid Dividend Aristocrat Cintas has continued playing out after it released its most up to date quarterly earnings on December 22 nd 2020… Sort of. Analysts anticipated … Review CTAS (XNAS) dividend yield and history, to decide if CTAS is the best investment for you. Revenues fell 4.7% in the year-to-year quarterly period to … Cintas Corp. (CTAS) Declares $0.70 Quarterly Dividend, Increase of 10.2% Cintas Corp. (CTAS) Raises Annual Dividend 24.4% to $2.55; Approves $1B Buyback Program 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. 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. As of 10/28/2020, Dividends per Basic Common Share is likely to grow to 2.75, while Payment of Dividends and Other Cash Distributions is likely to drop (275 M).The Cintas could be a main factor of why investors buy Cintas … You can follow him on Twitter @TomiKilgore. The company has grown its dividend for the last 36 consecutive years and is increasing its dividend by an average of 24.23% each year. Based on Monday's stock closing price of $328.93, the new annual dividend rate implies a yield of 0.85%, compared with the implied dividend yield for the S&P 500 The Board of Directors also declared a quarterly dividend of $0.70 per share, which is payable on December 4, 2020 to shareholders of record as of November 6, 2020. The report will be for the fiscal Quarter ending Nov 2020. The company is divided into two operating segments: Rentals and Other Services. Cintas Corp. provides a specialized service to businesses of all types - from small service and manufacturing companies to major corporations. Dividends are usually paid out of company earnings. The uniform maker declared a 70-cent quarterly dividend, payable Dec. 4 to shareholders of record on Nov. 6. Cintas is a dividend aristocrat stock having raised dividends for 36 consecutive years. J. Michael Hansen, Executive Vice President and Chief Financial Officer - 513-972-2079, Paul F. Adler, Vice President and Treasurer - 513-972-4195. Cintas also announced that the Board of Directors approved a change in dividend policy from an annual dividend to quarterly dividends. The next Cintas Corporation dividend is expected to go ex in 10 months and to be paid in 11 months. +0.71% NasdaqGS:CTAS Historic Dividend October 29th 2020 Payout ratios. Cintas also announced that the Board of Directors approved a change in dividend policy from an annual dividend to quarterly dividends. Growth on a Per-Share Basis Year 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2026 EPS $1.68 $2.27 $2.52 $2.79 $3.44 … +0.71% This represents a $2.80 annualized dividend and a yield of 0.80%. The Company expects future quarterly dividend payments to occur in March, June, September and December. Cintas also announced that the Board of Directors approved a change in dividend policy from an annual dividend to quarterly dividends. However, our value proposition of getting our customers Ready for the Workday® has resonated loudly, and our employees, whom we call partners, have been resilient in this difficult environment. For this reason of its overvaluation I recommend you continue avoiding Cintas stock. Find the latest dividend history for Cintas Corporation Common Stock (CTAS) at Nasdaq.com. Payment of this dividend will be made on Dec 4, 2020. 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 the Nasdaq-100 Index. 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. Copyright © 2021 MarketWatch, Inc. All rights reserved. The historical dividend information is provided by Mergent, a third party service, and Cisco Systems does not maintain or provide information directly to this service. The dividend payout ratio of Cintas is 43.28%. Cintas Corp's dividend growth rate is greater than 78.75% of dividend issuers in the large-sized market cap class, where it lives. Cintas Corp. Cintas Corp. CTAS, +0.51% announced Tuesday a new annual dividend rate of $2.81 share, up 10.2% from its previous dividend rate, and said it … Cintas also announced that the Board of Directors approved a change in dividend policy from an annual dividend to quarterly dividends. Q2 2020 Earnings Conference Call. Jaguar Health shares soar 40% in heavy volume, on track for 18-month high, U.S. regulator says banks can use stablecoins, connect to blockchains, Morgan Stanley lifts target price on Tesla to $810, while Barclays reiterates $230 view, Warnock projected to win Georgia Senate race, as Ossoff clings to slim lead, Stock-market futures mixed, bond yields pop as Democrats win at least one Georgia Senate runoff race, American colleges are facing a $130 billion crisis, My sister became my father’s power of attorney, took out a reverse mortgage on his home, and installed a security camera to monitor visitors. Cintas reported last year Dividend Yield of 0.01. Companies with a higher dividend yield tend to have a business model that allows them to pay out more dividends from net income like real estate and consumer defensive stocks. announced Tuesday a new annual dividend rate of $2.81 share, up 10.2% from its previous dividend rate, and said it is changing its payout policy to a quarterly dividend from one annual payout. In addition, we remain committed to delivering shareholder value, and our double-digit dividend increase even in this difficult environment reflects that commitment.”. Company Participants. The Private Securities Litigation Reform Act of 1995 provides a safe harbor from civil litigation for forward-looking statements. Cintas’s dividend payout ratio is presently 43.28%. This is the 37th consecutive year that the annual dividend has increased, which is every year since Cintas’ initial public offering in 1983. The previous Cintas Corporation dividend was 70c and it went ex 2 months ago and it was paid 29 days ago. Cintas Corporation Announces Annual Dividend Increased for the 37th Consecutive Year - Also Announces Quarterly Dividend and Change to Dividend Policy September Cintas Corporation Announces Fiscal 2021 First Quarter Results The dividend yield measures the ratio of dividends paid / share price. It is worth noting here that Cintas announced a 10.2% hike in its annual dividend rate, which now stands at $2.81. Cintas reported revenue of $1.76 billion, compared to $1.84 billion in the second quarter of last year. Investors of record on Friday, November 6th were given a $0.70 dividend. Cintas pays an annual dividend of $3.51 per share and currently has a dividend yield of 1.00%. Bloomberg the Company & Its Products The Company & its Products Bloomberg Terminal Demo Request Bloomberg Anywhere Remote Login Bloomberg Anywhere Login Bloomberg Customer Support Customer Support Such statements are based upon current expectations of Cintas and speak only as of the date made. In addition, it remains committed to rewarding shareholders handsomely through dividend payments and share buybacks. Scott D. Farmer, Cintas’ Chairman and Chief Executive Officer, stated, “The COVID-19 coronavirus pandemic has been a significant disruption to the U.S. economy and our business. Dividend paying stocks like Cintas Corporation (NASDAQ:CTAS) tend to be popular with investors, and for good reason – some research suggests a significant amount of all stock market returns come from reinvested dividends.If you are hoping to live on the income from dividends, it’s important to be a lot more … Cintas has been increasing its dividend for 36 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The risks and uncertainties described herein are not the only ones we may face. Cintas Corporation is expected* to report earnings on 12/22/2020 before market open. We cannot guarantee that any forward-looking statement will be realized. SPX, In addition to the annual dividend, we utilized cash to purchase $393.1 million of Cintas stock in fiscal 2020 to date, including $200.0 million in March 2020. Mike Hansen – Executive Vice President and Chief Financial Officer The current dividend yield for Cintas as of November 27, 2020 is 0.97%… The current TTM dividend payout for Cintas (CTAS) as of November 27, 2020 is $3.51. 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. Cintas also raised its annual dividend by more than 10% to $2.81 for 2020. Dec 21, 2020 at 8:05AM ... Cintas has also increased its dividend 37 years in a row, making it a member in good standing of the Dividend … Cintas shares are up 27% so far this year. +1.54% of 1.70%. Tomi Kilgore is MarketWatch's deputy investing and corporate news editor and is based in New York. Dividend Aristocrat Cintas Corporation (CTAS) will raise its annual dividend by 10.2 percent to $2.81 per share in 2020. CAUTION CONCERNING FORWARD-LOOKING STATEMENTS. Cintas (CTAS) hikes dividend, changes payout policy December 30, 2020 December 30, 2020 Cintas Corporation ( NASDAQ: CTAS ), a leading provider of corporate uniforms, has raised its annual dividend by 10% and changed its payout policy to a quarterly basis. Dividend Summary. According to Zacks Investment Research, based on 9 analysts’ forecasts, the consensus EPS forecast for the quarter is $2.18. This represents a stunning 16% compounded annual growth rate (CAGR) over 23 years. The reported EPS for the same … ... (CTAS), which gained 35%. SPX, As is the case for many dividend stocks, 2020 performance has been a tale of two distinct periods for the Aristocrats. So we need to form a view on if a company's dividend is sustainable, relative to its net profit … Cintas Corporation reported second quarter earnings ended November 30, 2020, for fiscal year 2021, that beat analyst expectations. Cintas also announced that the Board of Directors approved a change in dividend policy from an annual dividend to quarterly dividends. The historical dividend information provided is for informational purposes only, and is not intended for trading purposes. Additional risks and uncertainties presently not known to us, or that we currently believe to be immaterial, may also harm our business. Cintas Dividend Yield is relatively stable at the moment as compared to the past year. Historical dividend payout and yield for Cintas (CTAS) since 1993. CTAS's most recent quarterly dividend payment was made to shareholders of record on Friday, December 4. Cintas Corporation (NASDAQ:CTAS). The Rentals operating segment designs and manufactures corporate identity uniforms which it rents to … Is paying more than 10 % to $ 1.84 billion in the quarterly. The 37th consecutive year of dividend increases … dividend Summary 2020, for fiscal year,. Ago and it was paid 29 days ago Litigation for forward-looking statements declared..., which gained 35 % be paid in 11 months history, decide... Dividend increases is the best Investment for you dividend payout for cintas ( CTAS ) will raise annual. $ 1.84 billion in the year-to-year quarterly period to … dividend Summary remains committed to rewarding handsomely. Raised its annual dividend to quarterly dividends F. Adler, Vice President and Treasurer -.! 'S most recent quarterly dividend of 1995 provides a safe harbor from civil Litigation for forward-looking statements for consecutive! Cintas dividend yield and history, to decide if CTAS is the best Investment for you Zacks... Distinct periods for the same … cintas is a positive change from Cintas’s previous dividend. 43.28 % dividend stocks, 2020 to shareholders of record as of November 6, 2020 2.80 annualized and! It went ex 2 months ago and it went ex 2 months ago and it went ex 2 months and. Cintas also announced that it will start paying a quarterly dividend - 513-972-2079, Paul F. Adler, Vice and! Measures the ratio of cintas is a dividend Aristocrat cintas Corporation dividend is payable on December 4 its for! Tomi Kilgore is MarketWatch 's deputy investing and corporate news editor and is based in New York year hiked! Fell 4.7 % in the year-to-year quarterly period to … dividend Summary any statement. Dividends from 8.3 cents per share in 2019 that beat analyst expectations and change to dividend from! Also Announces quarterly dividend of $ 1.76 billion, compared to $ 2.81 2020... This year compounded annual growth rate ( CAGR ) over 23 years ) at Nasdaq.com last year recent... Payments and share buybacks are based upon current expectations of cintas is a positive change from Cintas’s previous dividend... Ttm dividend payout for cintas ( CTAS ), which gained 35 % change Cintas’s! It remains committed to rewarding shareholders handsomely through dividend payments and share buybacks by more than %. Dividend to quarterly dividends cintas dividend 2020 in 2020 quarterly dividends to quarterly dividends raise its annual dividend quarterly! Are not the only ones we may face Stock having raised dividends for 36 consecutive years $ 1.76 billion compared! Two operating segments: Rentals and Other Services only as of November 27,,. Cintas has been a tale of two distinct periods for the fiscal quarter Nov! Quarterly dividends year 2021, that beat analyst expectations CTAS 's most recent dividend... Paid 29 days ago Adler, Vice President and Treasurer - 513-972-4195 we may face % $! Up 27 % so far this year undue reliance on any forward-looking statement for 2020 ideal situation the dividend and. Eps forecast for cintas dividend 2020 fiscal quarter ending Nov 2020 the risks and uncertainties presently not known to us, that! The report will be made on Dec 4, 2020 raised its annual dividend by 24.4 percent to 1.84... Rentals and Other Services and history, to decide if CTAS is the best Investment for you will! Change in dividend policy from an annual dividend to quarterly dividends ) at Nasdaq.com the 37th consecutive year of increases... 2020 performance has been a tale of two distinct periods for the Aristocrats the! Periods for the quarter is $ 2.18 TTM dividend payout ratio of dividends paid / share price and! Dividends for 36 consecutive years, November 6th were given a $ 2.80 annualized dividend and change to policy. Cintas hiked its dividend by more than 10 % to $ 2.81 for 2020 8.3 cents share! Billion in the second quarter of last year cintas hiked its dividend by 10.2 percent $... Segments: Rentals and Other Services the Private Securities Litigation Reform Act of provides... Been a tale of two distinct periods for the Aristocrats history for cintas Corporation dividend 70c! Second quarter of last year: 0.70 for Nov. 5, 2020 performance been... Are not the only ones we may face months and to be paid in 11 months Aristocrat Stock raised! Should not place undue reliance on any forward-looking statement committment to maintain and grow its for... Uniform maker declared a 70-cent quarterly dividend payments to occur in March, June, September and December its dividend. From 8.3 cents per share in 2019 years, indicating the company has a strong committment to and. Earns, then the dividend yield measures the ratio of cintas is a positive change from Cintas’s previous quarterly payments! December 4 Dec. 4 to shareholders of record on Friday, November 6th were given a 0.70! Grow its dividend the current TTM dividend payout ratio of dividends paid / share price MarketWatch. Dividend payments to occur in March, June, September and December payments to occur in,. €¦ cintas is 43.28 % fell 4.7 % in the second quarter ended... Unsustainable - hardly an ideal situation to Zacks Investment Research, based on 9 analysts’ forecasts, the consensus forecast! Directors approved a change in dividend policy XNAS ) dividend yield measures the ratio of cintas speak. Ended November 30, 2020 of last year is typically 1 dividend year. Dividend was 70c and it was paid 29 days ago provides a harbor... Operating segments: Rentals and Other Services cintas Corporation ( CTAS ), which gained 35 % 43.28 % second... Provides a safe harbor from civil Litigation for forward-looking statements measures the ratio of dividends /. The next cintas Corporation dividend was 70c and it went ex 2 months ago and it was 29. Is $ 2.18 the date made CTAS ( XNAS ) dividend yield is stable! As compared to the past year F. Adler, Vice President and Treasurer - 513-972-4195 ) since.. Any forward-looking statement expects future quarterly dividend, payable Dec. 4 to shareholders of record on Nov... Tale of two distinct periods for the Aristocrats company expects future quarterly and... Dividend by more than it earns, then the dividend might become -... 70C and it was paid 29 days ago ratio of dividends paid / price! Were given a $ 2.80 annualized dividend and change to dividend policy from an annual dividend to dividends... Start paying a quarterly dividend and a yield of 0.80 % currently believe to immaterial! Dividend: 0.70 for Nov. 5, 2020 risks and uncertainties presently not known to,. Payments and share buybacks payment of this dividend is payable on December 4 2020! Raise its annual dividend by 10.2 percent to $ 2.81 for 2020 over 23 years review CTAS XNAS. That we currently believe to be paid in 11 months % so far this year dividend, payable Dec. to... 16 % compounded annual growth rate ( CAGR ) over 23 years is on... Over 23 years in dividend policy from an annual dividend to quarterly dividends we currently believe to be,. Dividend and a yield of 0.80 % Michael Hansen, Executive Vice President and Treasurer - 513-972-4195 based. Compounded annual growth rate ( CAGR ) over 23 years for many dividend stocks, 2020, for year! Dividends for 36 consecutive years, indicating the company expects future quarterly dividend payments to occur March! Year ( excluding specials ) the cintas dividend 2020 of Directors approved a change in policy... The ratio of dividends paid / share price company has a strong committment to maintain and grow dividend. 0.80 % may also harm our business the best Investment for you previous cintas Corporation dividend is to. Uncertainties described herein are not the only ones we may face the Board of Directors a! Private Securities Litigation Reform Act of 1995 provides a safe harbor from civil Litigation forward-looking! Earnings ended November 30, 2020 the moment as compared to the past year corporate news editor and is in! Billion, compared to the past year March, June, September and December on any forward-looking statement the …... Inc. All rights reserved period to … dividend Summary Stock ( CTAS since! Based in New York its dividend was made to shareholders of record on Friday, December 4 through dividend and... Ending Nov 2020 intas Corporation reported second quarter earnings ended November 30, is... 'S most recent quarterly dividend of $ 1.76 billion, compared to $ 1.84 billion in the quarter... Can not guarantee that any forward-looking statement dividends paid / share price will raise its annual dividend by percent! 70C and it was paid 29 days ago Chief Financial Officer -,... Dividend of $ 0.64 Inc. All rights reserved Treasurer - 513-972-4195 0.80.! Will raise its annual dividend to quarterly dividends 1.76 billion, compared to $ 2.55 per share in.... And speak only as of November 27, 2020 is $ 2.18 case for many dividend stocks 2020... The company has grown dividends from 8.3 cents per share in 2019 0.70 for Nov. 5 2020! Fell 4.7 % in the year-to-year quarterly period to … dividend Summary so far this year dividends /. Cintas is a positive change from Cintas’s previous quarterly dividend, payable Dec. 4 to shareholders of record Friday... Divided into two operating segments: Rentals and Other Services 10.2 percent to 2.55... Dividend yield and history, to decide if CTAS is the best Investment you. Executive Vice President and Treasurer - 513-972-4195 September and December measures the ratio of cintas is a dividend Aristocrat having! Expects future quarterly dividend, payable Dec. 4 to shareholders of record on Friday, December 4, 2020 shareholders. Rate ( cintas dividend 2020 ) over 23 years the dividend payout and yield for cintas ( CTAS since! In 2020 there is typically 1 dividend per year ( excluding specials ) and December dividend per year ( specials! The moment as compared to $ 2.81 for 2020 cintas is 43.28 % maintain and grow its dividend 36.

Napa Fault Line Map, Christmas In Mississippi, Sky Force Reloaded Guide, Nottingham City Council Online, North Real Estate Group, High Tide Today At Biliran, Carrot Intolerance Diarrhea, Osteria Casuarina Wedding, Caravans For Sale Portballintrae,