UniFirst Co. Plans Quarterly Dividend of $0.25 (NYSE:UNF)


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UniFirst Co. (NYSE:UNF) declared a quarterly dividend on Wednesday, January 13th, Wall Street Journal reports. Shareholders of record on Tuesday, March 9th will be given a dividend of 0.25 per share by the textile maker on Tuesday, March 30th. This represents a $1.00 annualized dividend and a yield of 0.46%. The ex-dividend date of this dividend is Monday, March 8th.

UniFirst has raised its dividend payment by 566.7% over the last three years and has raised its dividend annually for the last 1 consecutive years.

UNF traded up $0.69 on Wednesday, hitting $215.53. The company had a trading volume of 102,780 shares, compared to its average volume of 111,310. The company’s fifty day moving average price is $203.07 and its 200 day moving average price is $189.95. UniFirst has a 1-year low of $121.89 and a 1-year high of $227.55. The stock has a market cap of $4.07 billion, a price-to-earnings ratio of 27.33 and a beta of 0.89.

UniFirst (NYSE:UNF) last posted its earnings results on Tuesday, January 5th. The textile maker reported $2.20 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.69 by $0.51. UniFirst had a return on equity of 8.49% and a net margin of 7.70%. Analysts expect that UniFirst will post 7.09 earnings per share for the current fiscal year.

A number of research firms recently issued reports on UNF. BidaskClub upgraded shares of UniFirst from a “sell” rating to a “hold” rating in a research report on Friday, December 11th. Zacks Investment Research upgraded shares of UniFirst from a “strong sell” rating to a “hold” rating in a research report on Wednesday, December 23rd. Finally, Northcoast Research restated a “neutral” rating on shares of UniFirst in a research report on Thursday, October 22nd. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $191.67.

In other UniFirst news, EVP Michael A. Croatti sold 1,286 shares of UniFirst stock in a transaction on Monday, November 30th. The shares were sold at an average price of $188.37, for a total value of $242,243.82. Following the completion of the transaction, the executive vice president now owns 9,122 shares of the company’s stock, valued at $1,718,311.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Michael A. Croatti sold 997 shares of the business’s stock in a transaction dated Thursday, October 29th. The stock was sold at an average price of $163.41, for a total transaction of $162,919.77. Following the sale, the executive vice president now directly owns 9,122 shares of the company’s stock, valued at approximately $1,490,626.02. The disclosure for this sale can be found here. Insiders sold 2,370 shares of company stock valued at $423,063 in the last ninety days. 1.10% of the stock is owned by corporate insiders.

UniFirst Company Profile

UniFirst Corporation provides workplace uniforms and protective work wear clothing in the United States, Europe, and Canada. The company operates through U.S. and Canadian Rental and Cleaning, Manufacturing, Specialty Garments Rental and Cleaning, and First Aid segments. It designs, manufactures, personalizes, rents, cleans, delivers, and sells a range of uniforms and protective clothing, including shirts, pants, jackets, coveralls, lab coats, smocks, and aprons; and specialized protective wear, such as flame resistant and high visibility garments.

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Dividend History for UniFirst (NYSE:UNF)

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