Cintas Board of Directors Approves 4-for-1 Stock Split

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Cintas Corporation, a prominent provider of business-to-business services, has announced a significant decision by its Board of Directors: a four-for-one split of its common stock. This move reflects the company’s commitment to its shareholders and its recognition of the vital role played by its employees, whom Cintas refers to as “partners.”

Under this split, shareholders of record as of September 4, 2024, will receive three additional shares for each share they currently hold. These additional shares will be distributed after market close on September 11, 2024. Consequently, Cintas’ shares are expected to commence trading on a post-split basis at the market open on Thursday, September 12, 2024. Notably, this marks the first stock split for Cintas since 2000.

Todd Schneider, President and Chief Executive Officer of Cintas, emphasized the company’s core values and its founder Dick Farmer’s belief in the importance of employee ownership. Schneider highlighted Cintas’ recent successes, with shares trading near record highs due to the company’s unwavering dedication to customer service. The decision to split the stock aims to enhance accessibility for both employee-partners and investors, enabling them to participate in Cintas’ future growth.

This stock split is projected to significantly increase the number of shares of Cintas’s outstanding common stock, from approximately 101 million shares to approximately 404 million shares. As Cintas continues its trajectory of growth and success, this move reflects its commitment to inclusivity and its mission to create value for all stakeholders.