Cintas Corporation
Cintas Corporation Announces Four-for-One Forward Stock Split
Summary
Cintas Corporation announced a four-for-one forward stock split effective September 11, 2024, at 5:00 p.m. (Eastern time). The split will increase the number of shares of common stock outstanding from 100,814,614 to 403,258,456, and the number of authorized shares will increase from 425,000,000 to 1,700,000,000. The split does not require shareholder approval and was approved by the Board of Directors.
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About Cintas Corporation
Cintas Corporation is a prominent provider in the uniform and business services industry. Its core purpose is to supply companies with uniform rental services, helping clients to maintain a professional image across various sectors, including healthcare, hospitality, automotive, and manufacturing. Beyond uniforms, Cintas offers safety supplies, first aid products, facility services such as cleaning and janitorial supplies, and document management solutions. This diverse array of products and services enables businesses to maintain essential operational standards, promoting safety and hygiene. Cintas Corporation's effective distribution network and focus on quality make it a key player in supporting the day-to-day needs of businesses across North America. Its role in the financial market is significant, as it provides a barometer for economic activity in service industries and an indicator of growth trends in business-to-business services."}
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