On July 28, Cintas (CTAS) increased its dividend by 15.56%, from 45¢ to 52¢ per share.
The dividend is payable on September 15 to shareholders of record on August 14.
CTAS's contribution to DivGro's projected annual dividend income will increase by $46.20 to $343.20.
Created by the author
I own 165 shares of CTAS at an average cost basis of $133.38 per share. Following this increase, my yield on cost is 1.56%, while the stock's forward yield stands at 0.95% at $218.46 per share.
Since I opened my position in August 2021, the stock has delivered a total return of 67%, including dividends of $660.70. That's a sensational annualized rate of return of 21.5%!
| 2021 | 2022 | 2023 | 2024 | 2025 | • | 2026 |
| $0.850 | $1.050 | $1.250 | $1.455 | $1.680 | ⬆ | $1.940✝ |
| n/a‡ | 23.53% | 19.05% | 16.40% | 15.46% | ⬆ | 15.48% |
| 4-year DGR: | 18.57% | ⬇ | 16.59% | |||
✝projected, assuming no further changes
‡Payment count differs from the prior year, so the two calendar totals are not comparable and no growth rate is shown.
Created by the author
On my quality system, CTAS earns a composite score of 8.94, placing it in Excellent territory. Simply Safe Dividends rates the dividend Very Safe at 97, the top tier of their five-band scale. With 43 consecutive years of dividend hikes, CTAS proudly carries the Dividend Champion title.
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