Cintas Corporation Announces Annual Dividend
Cintas Corporation (Nasdaq:CTAS) announced that the Company’s Board of Directors approved a $1.33 per share annual
dividend at its meeting today, representing a 26.7% increase over last year’s annual dividend of $1.05 per share. This dividend is
payable on December 2, 2016 to shareholders of record as of November 4, 2016.
Scott D. Farmer, Chairman of the Board and Chief Executive Officer of Cintas, said, "We achieved record revenue and earnings per
share in fiscal year 2016. Our strong performance continued into the first quarter of fiscal 2017. As a result of our excellent
financial results, cash flow, and financial position, we are pleased to announce an increase in the annual dividend for the
33rd consecutive year. The annual dividend is an important part of our capital allocation strategy and illustrates our
enduring commitment to effectively deploying cash to increase shareholder value."
About Cintas
Cintas Corporation helps more than 900,000 businesses of all types and sizes get Ready™ to open their doors with
confidence every day by providing a wide range of products and services that enhance our customers’ image and help keep their
facilities and employees clean, safe and looking their best. With products and services including uniforms, floor care,
restroom supplies, first aid and safety products, fire extinguishers and testing, and safety and compliance training, Cintas helps
customers get Ready for the Workday™. Headquartered in Cincinnati, Cintas is a publicly held company traded over the Nasdaq
Global Select Market under the symbol CTAS and is a component of the Standard & Poor’s 500 Index.
CAUTION CONCERNING FORWARD-LOOKING STATEMENTS
The Private Securities Litigation Reform Act of 1995 provides a safe harbor from civil litigation for forward-looking
statements. Forward-looking statements may be identified by words such as “estimates,” “anticipates,” “predicts,”
“projects,” “plans,” “expects,” “intends,” “target,” “forecast,” “believes,” “seeks,” “could,” “should,” “may” and “will” or the
negative versions thereof and similar words, terms and expressions and by the context in which they are used. Such
statements are based upon current expectations of Cintas and speak only as of the date made. You should not place undue
reliance on any forward-looking statement. We cannot guarantee that any forward-looking statement will be realized.
These statements are subject to various risks, uncertainties, potentially inaccurate assumptions and other factors that could
cause actual results to differ from those set forth in or implied by this Press Release. Factors that might cause such a
difference include, but are not limited to, the failure to obtain G&K stockholder approval of the proposed merger of G&K
Services, Inc., or G&K, with a wholly owned subsidiary of Cintas, which we refer to as the transaction; the possibility that
the closing conditions to the transaction may not be satisfied or waived, including that a governmental entity may prohibit, delay
or refuse to grant a necessary regulatory approval; delay in closing the transaction or the possibility of non-consummation of the
transaction; the potential for regulatory authorities to require divestitures in connection with the proposed transaction; the
occurrence of any event that could give rise to termination of the merger agreement; the risk that stockholder litigation in
connection with the transaction may affect the timing or occurrence of the transaction or result in significant costs of defense,
indemnification and liability; risks inherent in the achievement of cost synergies and the timing thereof, including whether the
transaction will be accretive and within the expected timeframe; risks related to the disruption of the transaction to G&K and
its management; the effect of announcement of the transaction on G&K’s ability to retain and hire key personnel and maintain
relationships with customers, suppliers and other third parties; our ability to promptly and effectively integrate acquisitions,
including G&K and ZEE Medical; the possibility of greater than anticipated operating costs including energy and fuel costs;
lower sales volumes; loss of customers due to outsourcing trends; the performance and costs of integration of acquisitions,
including G&K and ZEE Medical; fluctuations in costs of materials and labor including increased medical costs; costs and
possible effects of union organizing activities; failure to comply with government regulations concerning employment
discrimination, employee pay and benefits and employee health and safety; the effect on operations of exchange rate fluctuations,
tariffs and other political, economic and regulatory risks; uncertainties regarding any existing or newly-discovered expenses and
liabilities related to environmental compliance and remediation; the cost, results and ongoing assessment of internal controls for
financial reporting required by the Sarbanes-Oxley Act of 2002; costs of our SAP system implementation; disruptions caused by the
inaccessibility of computer systems data, including cybersecurity risks; the initiation or outcome of litigation, investigations or
other proceedings; higher assumed sourcing or distribution costs of products; the disruption of operations from catastrophic or
extraordinary events; the amount and timing of repurchases of our common stock, if any; changes in federal and state tax and labor
laws; and the reactions of competitors in terms of price and service. Cintas undertakes no obligation to publicly release any
revisions to any forward-looking statements or to otherwise update any forward-looking statements whether as a result of new
information or to reflect events, circumstances or any other unanticipated developments arising after the date on which such
statements are made. A further list and description of risks, uncertainties and other matters can be found in our Annual
Report on Form 10-K for the year ended May 31, 2016 and in our reports on Forms 10-Q and 8-K. The risks and uncertainties
described herein are not the only ones we may face. Additional risks and uncertainties presently not known to us or that we
currently believe to be immaterial may also harm our business.
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Cintas Corporation
J. Michael Hansen, Senior Vice President-Finance and Chief Financial Officer, 513-701-2079
Paul F. Adler, Vice President and Treasurer, 513-573-4195
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