On 23 July, Cintas (CTAS) increased its quarterly dividend by 15.6%, from $1.35 to $1.56 per
share.
The dividend will be paid on 3 September to shareholders of record on 15
August. The ex-dividend date is 15 August.
CTAS's contribution to DivGro's projected annual dividend income will
increase by $33.60 to $249.60.
I own 40 shares of CTAS at an average cost basis of $525.73 per share. Following this increase, my yield on cost
is 1.19%. (CTAS's forward yield is 0.82% at $761.39 per share).
Since I opened my CTAS position in August 2021, the stock has produced
annualized total returns of 42%, including $244 in dividend
income.
5-Year History of Dividend Payouts by Ex-Date
| 2019 | 2020 | 2021 | 2022 | 2023 | • | 2024 |
| $2.55 | $2.81 | $3.40 | $4.20 | $5.00 | ⬆ | $5.82✝ |
| 24.39% | 10.20% | 21.00% | 23.53% | 19.05% | ⬇ | 16.40% |
| 5-year DGR: | 19.52% | ⬇ | 17.94% | |||
✝projected, assuming no further changes
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