UniFirst Corp (NYSE:UNF) Increases Dividend to $0.25 Per Share

UniFirst Corp (NYSE:UNF) declared a quarterly dividend on Tuesday, October 29th, Zacks reports. Shareholders of record on Friday, December 6th will be given a dividend of 0.25 per share by the textile maker on Friday, January 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 0.49%. The ex-dividend date of this dividend is Thursday, December 5th. This is a boost from UniFirst’s previous quarterly dividend of $0.11.

UniFirst stock opened at $205.00 on Tuesday. The firm has a 50-day moving average price of $203.82 and a 200-day moving average price of $189.51. The firm has a market capitalization of $3.91 billion, a PE ratio of 24.06 and a beta of 0.71. UniFirst has a 12-month low of $132.38 and a 12-month high of $211.63.

UniFirst (NYSE:UNF) last issued its quarterly earnings results on Wednesday, October 23rd. The textile maker reported $2.40 EPS for the quarter, beating the consensus estimate of $1.96 by $0.44. UniFirst had a net margin of 9.49% and a return on equity of 9.67%. The company had revenue of $479.62 million for the quarter, compared to the consensus estimate of $471.41 million. During the same period in the prior year, the firm posted $2.06 EPS. The firm’s revenue was up 10.5% compared to the same quarter last year. Equities analysts forecast that UniFirst will post 8.02 EPS for the current year.

Several brokerages have issued reports on UNF. ValuEngine lowered UniFirst from a “buy” rating to a “hold” rating in a research report on Wednesday, September 11th. Zacks Investment Research reaffirmed a “hold” rating on shares of UniFirst in a research note on Saturday, October 26th.

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. Rental and Cleaning, 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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