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Stock split to improve accessibility for all investors, including Cintas employee partners.
CINCINNATI – Cintas Corporation (Nasdaq: CTAS), a leading provider of business-to-business services, today announced that its board of directors has approved a 4-for-1 split of its common stock. Shareholders registered as of September 4, 2024 will receive three additional shares for each share held, which will be distributed after the market closes on September 11, 2024. Cintas shares are expected to begin trading on a post-split basis at market open on Thursday, September 12, 2024. Prior to this announcement, Cintas’ last stock split occurred in 2000.
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“At Cintas, we refer to our employees as “partners” in recognition of the value that each individual contributes to our success as a company. Our founder, Dick Farmer, also believed in the importance of every employee and partner having ownership in the company to share in its success,” said Todd Schneider, President and Chief Executive Officer of Cintas. “Cintas shares are trading near record highs as we remain laser-focused on serving our customers. We believe it is time to split the stock and make it more accessible to our employees, partners and investors so they can continue to participate in Cintas’ future growth.”
The Company expects that the stock split will increase the number of outstanding common shares of Cintas from approximately 101 million shares to approximately 404 million shares.
About Cintas
Cintas Corporation helps more than a million businesses of all types and sizes be ready to open their doors with confidence every day by providing products and services that keep their customers’ facilities and employees looking clean, safe and great. With offerings such as uniforms, mats, mops, toiletries, first aid and safety products, fire extinguishers and testing and safety training, Cintas helps customers prepare for the workday®. Headquartered in Cincinnati, Cintas is a publicly traded Fortune 500 company trading on the Nasdaq Global Select Market under the symbol CTAS and is a component of both the Standard & Poor’s 500 Index and the Nasdaq-100 Index.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240502956393/en/
contacts
J. Michael Hansen, Executive Vice President and Chief Financial Officer: 513-972-2079
Jared S. Mattingley, Vice President – Treasurer and Investor Relations: 513-972-4195
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