UniFirst Corporation announced on October 29, 2024, that its Board of Directors declared increased quarterly cash dividends. The dividend for the Company's Common Stock was raised to $0.350 per share, and for the Class B Common Stock, it was increased to $0.280 per share.
This represents a 6.1% increase from the previous quarterly dividend of 33 cents per share. The increased dividends are payable on January 3, 2025, to shareholders of record as of December 6, 2024.
The decision to increase the dividend reflects UniFirst's commitment to returning value to its shareholders and indicates the Board's confidence in the company's sustained financial performance and robust cash flow generation.
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