Unifirst Increases Quarterly Cash Dividend From $0.33 To $0.35 Per Share
Portfolio Pulse from Benzinga Newsdesk
UniFirst Corporation has announced an increase in its quarterly cash dividend from $0.33 to $0.35 per share for its Common Stock and from $0.26 to $0.28 per share for its Class B Common Stock. The dividends will be payable on January 3, 2025, to shareholders of record on December 6, 2024.
October 29, 2024 | 7:56 pm
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UniFirst Corporation has increased its quarterly cash dividend, signaling financial strength and a commitment to returning value to shareholders. This move may attract income-focused investors.
The increase in dividends suggests that UniFirst is performing well financially and is confident in its cash flow. This is likely to be viewed positively by investors, particularly those focused on income, potentially leading to a short-term increase in stock price.
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