|Bid||315.49 x 1100|
|Ask||315.83 x 800|
|Day's Range||314.61 - 321.36|
|52 Week Range||154.33 - 358.69|
|Beta (5Y Monthly)||1.49|
|PE Ratio (TTM)||36.83|
|Earnings Date||Dec 15, 2020 - Dec 21, 2020|
|Forward Dividend & Yield||2.55 (0.79%)|
|Ex-Dividend Date||Nov 07, 2019|
|1y Target Est||338.80|
Cintas Corp. announced Tuesday a new annual dividend rate of $2.81 share, up 10.2% from its previous dividend rate, and said it is changing its payout policy to a quarterly dividend from one annual payout. The uniform maker declared a 70-cent quarterly dividend, payable Dec. 4 to shareholders of record on Nov. 6. Based on Monday's stock closing price of $328.93, the new annual dividend rate implies a yield of 0.85%, compared with the implied dividend yield for the S&P 500 of 1.70%. The stock, which was still inactive in premarket trading, has climbed 22.2% year to date, while the S&P 500 has gained 5.3%.
Cintas Corporation (Nasdaq: CTAS) announced that the Company’s Board of Directors approved a $2.81 per share annual dividend at its meeting today, representing an increase of 10.2% over last year’s dividend. This is the 37th consecutive year that the annual dividend has increased, which is every year since Cintas’ initial public offering in 1983. This dividend is payable on December 4, 2020 to shareholders of record as of November 6, 2020.
Cintas (CTAS) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.