Photo: Flickr.com/Mike Mozart
About Cintas Corporation
Cintas Corporation, which has grown dividends since 1983, manufactures and sells uniforms across North America for a variety of applications, including cleanrooms.
Photo courtesy Andrew Evans/flickr.com.
Cintas Corporation is North America’s largest supplier of business uniforms and provides work clothes for more than 5 million people each day. The company’s heritage dates back to 1929, when Richard “Doc” Farmer set up a family business to reclaim and clean rags for local factories. More than 50 years later, in 1983, Cintas Corporation stock began trading publicly.
Cintas employs more than 30,000 people and operates nearly 400 facilities across North America. The company has more than 900,000 clients.
Cintas Corporation revenue comes from several business lines, including apparel sales and rentals, fire protection services and equipment, and facility equipment services. In particular, the uniform sales segment includes cleanroom equipment for specialty applications such as the pharmaceutical, semiconductor, biotechnology and medical device manufacturing industries.
The Corporation is a member of the S&P 500 index and trades under the ticker symbol CTAS.
Cintas Corporation’s Dividend and Stock Split History
Cintas has increased dividends since coming public in 1983 and met the Dividend Aristocrat criteria of 25 consecutive years of increasing regular dividend payments in 2007. Rather than distributing dividends quarterly, Cintas pays dividends once per year; the company announces the increased dividend payment in October and the stock goes ex-dividend in November.
Cintas has compounded its payout at an average rate of 20.4% over the last 5 years and 15.3% over the last 10 years.
Cintas stock has split 5 times since coming public in 1983. The company split its stock 2-for-1 in March 1987, April 1992 and November 1997. Cintas also split its stock 3-for-2 in April 1991 and most recently in March 2000. The company has not split its stock since 2000.
Cintas Corporation’s Direct Purchase and Dividend Reinvestment Plans
Cintas Corporation does not have a direct purchase or dividend reinvestment plan. If you’re interested in investing in Cintas stock, you can do so through any broker. You can also automatically reinvest dividends through most brokers. Contact your broker directly for more information.
Helpful Links
Cintas Corporation’s Investor Relations Website
Current quote and financial summary for Cintas Corporation (finviz.com)