UniFirst Corporation (UNF) To Go Ex-Dividend on November 13th

UniFirst Corporation (NYSE:UNF) announced a quarterly dividend on Friday, October 30th. Investors of record on Friday, November 13th will be paid a dividend of $0.3750 per share by the textile maker on Tuesday, December 15th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Friday, November 13th. This is a 2.7% increase from UniFirst’s previous quarterly dividend of $0.3650.

UniFirst has increased its dividend payment by an average of 0.1% annually over the last three years and has increased its dividend annually for the last 7 consecutive years. UniFirst has a dividend payout ratio of 17.4% meaning its dividend is sufficiently covered by earnings.

UniFirst Stock Down 0.7%

UNF traded down $1.76 during trading hours on Wednesday, hitting $236.74. The stock had a trading volume of 12,375 shares, compared to its average volume of 270,237. UniFirst has a 1 year low of $151.51 and a 1 year high of $306.67. The stock has a market cap of $4.28 billion, a PE ratio of 39.37 and a beta of 0.65. The company’s fifty day simple moving average is $261.22 and its 200 day simple moving average is $261.50.

UniFirst (NYSE:UNF) last announced its earnings results on Wednesday, October 21st. The textile maker reported $1.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.04 by ($0.14). UniFirst had a net margin of 4.34% and a return on equity of 6.65%. The company had revenue of $645.01 million for the quarter, compared to the consensus estimate of $634.40 million. During the same quarter in the previous year, the firm earned $2.23 earnings per share. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. As a group, equities analysts expect that UniFirst will post 8.52 EPS for the current year.

UniFirst Company Profile

UniFirst Corporation provides uniform rental and workplace services to businesses across a range of industries. Its programs include workwear selection, laundering, inspection, repair, and scheduled delivery, as well as sales of uniforms and related apparel. The company also supplies facility services such as floor mats, towels, restroom products, and first aid and safety supplies. Through specialized operations, UniFirst provides cleanroom garments and related services for businesses that require controlled environments.