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PLUS... Cintas sends dividend soaring, approves big share buyback. In a sign of continued financial strength, Fortune 500 member Cintas Corp. has raised its dividend by 21% and authorized $1 billion to buy back its own stock.
https://www.bizjournals.com/cincinnati/news/2022/07/27/cintas-sends-dividend-soaring-approves-big-share.html
Understanding CTAS's soaring payout
Aug 12, 2021 0.95 Dividend
May 13, 2021 0.75 Dividend
Feb 11, 2021 0.75 Dividend switched to quarterly
Nov 05, 2020 3.51 Dividend annual dividend 2020 and before
Nov 07, 2019 2.55 Dividend
Nov 08, 2018 2.05 Dividend
Nov 09, 2017 1.62 Dividend
Nov 02, 2016 1.33 Dividend
Nov 04, 2015 1.05 Dividend
Nov 05, 2014 1.70 Dividend included special div
Nov 06, 2013 0.77 Dividend
Nov 07, 2012 0.64 Dividend
Nov 08, 2011 0.54 Dividend
Nov 09, 2010 0.49 Dividend
Feb 08, 2010 0.48 Dividend
Feb 02, 2009 0.47 Dividend
Feb 04, 2008 0.46 Dividend
Feb 02, 2007 0.39 Dividend
Feb 03, 2006 0.35 Dividend
Feb 04, 2005 0.32 Dividend
Feb 06, 2004 0.29 Dividend
Feb 05, 2003 0.27 Dividend
Feb 13, 2002 0.25 Dividend
Jan 31, 2001 0.22 Dividend
Feb 02, 2000 0.186667 Dividend
CTAS reaches $400.00
"Cintas announces $1.5B buyback; declares $0.95 dividend"
* "Cintas (NASDAQ:CTAS) Board of Directors authorized an additional share buyback program, allowing the company to buy up to $1.5B of its common stock at market prices.
* The company has also declared a $0.95/share quarterly dividend, representing 26.7% increase from prior dividend of $0.75."
https://seekingalpha.com/news/3720027-cintas-announces-15b-share-buyback-program-declares-095-dividend
$CTAS Cintas Corporation (CTAS)
Book Value Per Share (mrq) 35.44
$CTAS Cintas Corporation (CTAS)
Total Debt (mrq) 2.72B
"Cintas increases dividend by ~7% to $0.75 dividend"
"Cintas (NASDAQ:CTAS) declares $0.75/share quarterly dividend, 6.8% increase from prior dividend of $0.70.
Forward yield 0.93%"
https://seekingalpha.com/news/3652436-
Decade of Cintas Dividend Increases. CTAS only paid once a year although they just changed to quarterly.
Nov 05, 2020 3.51 Dividend
Nov 07, 2019 2.55 Dividend
Nov 08, 2018 2.05 Dividend
Nov 09, 2017 1.62 Dividend
Nov 02, 2016 1.33 Dividend
Nov 04, 2015 1.05 Dividend
Nov 05, 2014 1.7 Dividend Special
Nov 06, 2013 0.77 Dividend
Nov 07, 2012 0.64 Dividend
Nov 08, 2011 0.54 Dividend
Nov 09, 2010 0.49 Dividend
Feb 08, 2010 0.48 Dividend
"Cintas boosts dividend rate by 10%, changes payout policy to quarterly from annual"
"Cintas Corp. CTAS, -0.19% 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 SPX, -0.16% of 1.70%. The stock, which was still inactive in premarket trading, has climbed 22.2% year to date, while the S&P 500 SPX, -0.16% has gained 5.3%."
https://www.marketwatch.com/story/cintas-boosts-dividend-rate-by-10-changes-payout-policy-to-quarterly-from-annual-2020-10-27
Yikes, $303, another record high!
$297, another record for Cintas
Another record high. $283!
CTAS Recent Div History. Remember Cintas only pays one div a year.
Date Dividends
Nov 07, 2019 2.55 Dividend
Nov 08, 2018 2.05 Dividend
Nov 09, 2017 1.62 Dividend
Nov 02, 2016 1.33 Dividend
Nov 04, 2015 1.05 Dividend
"Cintas (CTAS) reported quarterly profit of $2.27 per share, beating the consensus estimate of $2.03, with the uniform maker's revenue also coming in above estimates. Results got a boost from organic revenue growth of 10.6% in the company's First Aid and Safety Services unit."
Been under some pressure due to a class action lawsuit. One of my few holdings not on the NYSE.
Yet another CTAS beat for sales and profits
I don't care ........... bra
And it's still rising... bro
Bought and sold. I'm out bro, long ago.
To think, your best stock was one you never even bought. LOLOL
Record high for Cintas: $225
Damn, a new record high for my CTAS
Cintas to raise dividend by nearly 27%, add $1 billion to stock buyback program"
https://finance.yahoo.com/m/bf128964-c70f-382f-bade-4bb583de871e/cintas-to-raise-dividend-by.html
"Cintas Announces Dividend Increased for the 35th Consecutive Year"
Sales growth of 21.7%, including organic growth of 7.1%;
Reported earnings per diluted share from continuing operations of $7.03, representing growth of 68.6% over last year;
Free cash flow of $692 million, representing growth of 41.1% over last year;
Reduction of debt of $598 million;
Significant progress on the integration of the G&K Services, Inc. (G&K) acquisition;
https://finance.yahoo.com/news/cintas-corporation-announces-annual-dividend-130000445.html
"Cintas (CTAS) Beats Q1 Earnings and Revenue Estimates"
"Cintas (CTAS) came out with quarterly earnings of $1.93 per share, beating the Zacks Consensus Estimate of $1.78 per share. This compares to earnings of $1.48 per share a year ago. These figures are adjusted for non-recurring items.
"This quarterly report represents an earnings surprise of 8.43%. A quarter ago, it was expected that this uniform rental company would post earnings of $1.67 per share when it actually produced earnings of $1.77, delivering a surprise of 5.99%.
"Over the last four quarters, the company has surpassed consensus EPS estimates four times."
https://finance.yahoo.com/news/cintas-ctas-beats-q1-earnings-213009149.html
Got to Go!
"Cintas’ free mobile restroom-finder app, Got to Go®, allows users to find clean restrooms in their vicinity and rate them based on cleanliness. The app provides a map that differentiates restrooms according to color and ratings (green for top-rated, clean restrooms yellow for low-rated, dirty restrooms and blue for unrated restrooms).
When clicking on a restroom icon, users will also have the ability to view the restroom’s rating and rate the restroom themselves. Users can also get directions to the restroom and filter the results by location, such as gas and convenience stores; coffee shops and restaurants; retail stores; or government and public buildings.
Got to Go® is available for complimentary download in the iPhone App Store"
https://seekingalpha.com/pr/17255048-half-americans-feel-can-difficult-find-clean-restroom-road
Stock trading, specially in the IHUB sense which is mostly crap shooting based on whims, hunches and charting, doesn't work.
Academic research suggests "The More You Trade The More You Lose."
I mod IHUB's two Berkshire Hathaway boards.
I look forward to the end-of-year dividend announcement. My stock "trading" days are coming to an end because I'm tired of the chase.
Be aware that CTAS only pays a dividend once a year which is extremely unusual.
Well you made a fast profit. A key beauty about CTAS is none of our local penny players follow it which is often a good sign. CTAS is a classic Buffett stock although it doesn't have much of a moat.
As a new holder of CTAS, I'm studying the company further. I'll post here my findings.
CTAS is up 324% in past 5 years, not counting its dividends. Do you realize how extraordinary that growth is?
Based on their last reported earnings, if you keep the 29-30 PE it puts the pps around 209-210, which we are basically at. I’m already ready for next quarter. I keep seeing their trucks everywhere. Their fire prevention side should stay strong while construction is good. And their uniform and business services should too as long as businesses are doing well. Payrolls expanding, lower unemployment, and construction is up should be a good recipe. Are you sensing a top for some reason?
To me, the question is what is it going to take to expand the multiple from the 29-30 range? Are they even focused on action that would expand the PE or are they just focused on steady earnings growth?
Just noticed that CTAS burst thru $200. $206 in fact. I was actually thinking of selling some of mine last week.
IHUB had wrong info on the PE ratio. Yahoo gives it as 28.7 which is in line with numbers I've seen in recent years. Still not dirt cheap.
Let me double check that. I have to run now for work. I thought the PE was around 30, too. Div wouldn't affect the PE . I've seen a lot of errors made in regard to CTAS financials. Many sources report the div as a quarterly number which it isn't, and multiply it by four. Easy mistake to make.
I don't know of any other major corp that only pays out once a year. And a PE of 42 seems ridiculously high.
later...
No huge shortfall that quarter. They even beat estimates. But the earnings were lower that quarter compared to previous and since. The estimates by the street were even low so I was just wondering why.
Is that 42 PE with or without the dividend factored into the earnings? For 2018 the PE has been around 30 but if you factor out the dividend it’s still around 40.
I just started my position last December. I’ve been pleased so far. Thinking about adding more tomorrow going into earnings on Thursday. I see their trucks everywhere and I’ve been noticing their first aid kits in every fast food drive thru window I’ve been in the last few days.
Any idea why their earnings came in low for Q4 FY2017?
"Not a bad one to be in?" Look at the 30-40 year chart. It's one of the very, very best, but largely unknown still. Up >100X since the 1980s.
Only stock I know of that pays its dividend just once a year.
Slow, steady, and consistent. Not a bad one to be in. Wish it got more coverage though.
Yet, another CTAS div increase!
Cintas (NASDAQ:CTAS) declares $1.62/share annual dividend, 21.8% increase from prior dividend of $1.33.
Forward yield 1.07%
$145 on big earnings beat. Another record high.
Not much Margin Of Safety for Cintas $CTAS going into earnings Wednesday:
Fair Value Source
Div Increase: "Cintas gives shareholders a big reward"
"Cintas Corp. gave its shareholders a lucrative gift by announcing it will increase its annual dividend by a whopping 27 percent.
Cintas said Tuesday it will pay shareholders $1.33 per share on Dec. 2, when it pays its once-a-year dividend. That’s up from $1.05 that it paid a year ago."
http://www.bizjournals.com/cincinnati/news/2016/10/18/cintas-gives-shareholders-a-big-reward.html?ana=yahoo
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