Cintas Corporation (CTAS) To Go Ex-Dividend on November 14th

Cintas Corporation (NASDAQ:CTAS) declared a quarterly dividend on Tuesday, October 28th. Investors of record on Friday, November 14th will be paid a dividend of 0.45 per share by the business services provider on Monday, December 15th. This represents a c) annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend is Friday, November 14th.

Cintas has raised its dividend by an average of 0.2%annually over the last three years and has increased its dividend annually for the last 42 consecutive years. Cintas has a payout ratio of 33.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Cintas to earn $4.77 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 37.7%.

Cintas Stock Performance

Cintas stock opened at $185.76 on Wednesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.24 and a quick ratio of 1.94. The firm has a market capitalization of $74.65 billion, a P/E ratio of 42.12, a price-to-earnings-growth ratio of 3.18 and a beta of 0.99. Cintas has a 1-year low of $180.39 and a 1-year high of $229.24. The company’s 50-day moving average is $195.15 and its 200 day moving average is $210.77.

Cintas (NASDAQ:CTAS) last announced its earnings results on Wednesday, September 24th. The business services provider reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.01. Cintas had a return on equity of 40.41% and a net margin of 17.54%.The business had revenue of $2.72 billion during the quarter, compared to analyst estimates of $2.70 billion. During the same quarter in the previous year, the business earned $1.10 earnings per share. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. Cintas has set its FY 2026 guidance at 4.740-4.86 EPS. Research analysts forecast that Cintas will post 4.31 EPS for the current year.

Cintas declared that its board has initiated a share buyback plan on Tuesday, October 28th that allows the company to buyback $1.00 billion in shares. This buyback authorization allows the business services provider to buy up to 1.3% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

About Cintas

Cintas Corporation engages in the provision of 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.