DivGro: Cintas Dividend Increase

On 29 July, Cintas (CTAS) increased its dividend by 15.4%, from 39¢ to 45¢ per share.

The dividend is payable on 15 September to shareholders of record on 15
August.

CTAS’s forward yield is 0.80% at $224.53 per share.

I own 120 CTAS shares at an average cost of $117.32 per share. CTAS’s contribution
to DivGro’s projected annual dividend income will increase by $28.80 to
$216.

My yield on cost is now 1.53%.

Since opening my position in August 2021, the stock has generated a total return of 94%, including $431.20 in
dividend income. That is a spectacular annualized rate of return of 27.6%!

5-Year History of Dividend Payouts by Ex-Date