Cintas Boosts Quarterly Cash Dividend By 15.6% From $1.35 To $1.56 Per Share
Portfolio Pulse from Benzinga Newsdesk
Cintas Corporation (CTAS) has announced a 15.6% increase in its quarterly cash dividend, raising it from $1.35 to $1.56 per share. The dividend is payable on September 3, 2024, to shareholders of record as of August 15, 2024.
July 23, 2024 | 8:03 pm
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Cintas Corporation has increased its quarterly cash dividend by 15.6%, from $1.35 to $1.56 per share. This move is likely to attract income-focused investors and could positively impact the stock price in the short term.
The increase in the dividend is a positive signal to the market, indicating strong financial health and a commitment to returning value to shareholders. This is likely to attract income-focused investors and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100