CINCINNATI–(Organization WIRE)–Jan 19, 2021–
Cintas Corporation (Nasdaq: CTAS) announced that the Company’s Board of Directors accepted a $.75 for each share quarterly dividend at its meeting right now. This dividend is payable on March 15, 2021 to shareholders of history as of February 15, 2021. Cintas has paid out dollars dividends on its typical inventory for 37 consecutive several years due to the fact it went public in 1983 and amplified the once-a-year normal dividend each year.
At its Oct 27, 2020 meeting, the Cintas Board of Directors approved a modify in dividend plan from an once-a-year dividend to quarterly dividends. Any potential dividend declarations, which includes the amount of any dividends, are at the discretion of the Board of Directors and dependent on then-present circumstances, like the Company’s operating success and monetary situation, money specifications, contractual limitations, organization prospects and other aspects that the Board of Directors may perhaps deem relevant.
Cintas Company helps extra than one particular million organizations of all forms and sizes get All set ™ to open their doorways with confidence every day by providing a broad vary of products and solutions and services that boost our customers’ picture and aid retain their services and staff members cleanse, safe and sound and wanting their very best. With items and expert services together with uniforms, ground care, restroom supplies, 1st aid and basic safety solutions, hearth extinguishers and testing, and protection and compliance teaching, Cintas assists buyers get All set for the Workday ®. Headquartered in Cincinnati, Cintas is a publicly held Fortune 500 organization traded more than the Nasdaq World-wide Select Market place beneath the symbol CTAS and is a ingredient of equally the Typical & Poor’s 500 Index and the Nasdaq-100 Index.
Warning About Forward-Looking STATEMENTS
The Non-public Securities Litigation Reform Act of 1995 offers a risk-free harbor from civil litigation for forward-searching statements. Ahead-on the lookout statements may possibly be determined by words and phrases this kind of as “estimates,” “anticipates,” “predicts,” “projects,” “plans,” “expects,” “intends,” “target,” “forecast,” “believes,” “seeks,” “could,” “should,” “may” and “will” or the detrimental versions thereof and comparable words and phrases, conditions and expressions and by the context in which they are made use of. These statements are based mostly on latest anticipations of Cintas and speak only as of the day designed. You ought to not place undue reliance on any ahead-wanting statement. We are not able to guarantee that any ahead-wanting assertion will be recognized. These statements are matter to many hazards, uncertainties, possibly inaccurate assumptions and other variables that could induce genuine success to differ from people established forth in or implied by this Press Launch. Elements that may possibly result in such a change contain, but are not confined to, the likelihood of increased than predicted functioning charges together with electricity and fuel prices decreased sales volumes loss of prospects thanks to outsourcing trends the efficiency and costs of integration of acquisitions fluctuations in costs of products and labor which include greater clinical charges expenditures and possible results of union arranging things to do failure to comply with authorities rules regarding employment discrimination, worker pay and advantages and worker health and safety the result on functions of trade price fluctuations, tariffs and other political, economic and regulatory challenges uncertainties with regards to any present or recently-discovered fees and liabilities linked to environmental compliance and remediation the price, final results and ongoing assessment of interior controls for financial reporting needed by the Sarbanes-Oxley Act of 2002 the influence of new accounting pronouncements disruptions prompted by the inaccessibility of computer units info, such as cybersecurity hazards the initiation or consequence of litigation, investigations or other proceedings higher assumed sourcing or distribution fees of goods the disruption of operations from catastrophic or amazing occasions like viral pandemics this sort of as the COVID-19 coronavirus the sum and timing of repurchases of our common inventory, if any adjustments in federal and condition tax and labor legislation and the reactions of competition in terms of cost and support. Cintas undertakes no obligation to publicly release any revisions to any ahead-wanting statements or to normally update any ahead-on the lookout statements no matter whether as a outcome of new information and facts or to reflect activities, conditions or any other unanticipated developments arising right after the day on which this kind of statements are designed. A even further listing and description of hazards, uncertainties and other issues can be located in our Yearly Report on Kind 10-K for the calendar year finished Might 31, 2020 and in our studies on Types 10-Q and 8-K. The threats and uncertainties described herein are not the only kinds we might experience. Additional risks and uncertainties presently not acknowledged to us, or that we now imagine to be immaterial, may well also damage our company.
J. Michael Hansen, Govt Vice President and Main Monetary Officer – 513-972-2079Paul F. Adler, Vice President – Treasurer & Investor Relations – 513-972-4195
Key phrase: UNITED STATES NORTH The united states CANADA OHIO
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Source: Cintas Company
Copyright Business enterprise Wire 2021.
PUB: 01/19/2021 04:15 PM/DISC: 01/19/2021 04:16 PM
Copyright Business enterprise Wire 2021.