UniFirst Corporation Announces Quarterly Dividends
Wilmington, Mass. - UniFirst Corporation (NYSE: UNF) has recently declared quarterly cash dividends for both its Common and Class B Common Stocks. Shareholders will receive $0.350 per share on the Common Stock and $0.280 on the Class B shares. These dividends are set to be paid on a specified date to shareholders who are recorded ahead of time.
New Share Repurchase Program Launched
In addition to the dividend announcement, the UniFirst Board of Directors has approved a new share repurchase program, allowing the company to buy back up to $100 million of its outstanding shares. This buyback plan will complement the existing program that has some remaining funds available.
Details of the Repurchase Strategy
The specifics of how these repurchases will take place are yet to be determined. Factors influencing the timing and amounts of share buybacks include the overall market conditions, the company’s stock price, and corporate liquidity,” the company stated.
About UniFirst Corporation
UniFirst Corporation is renowned as a leader in North America for providing uniforms and workwear programs. The company’s operations extend to the servicing of facility service products and essential safety supplies. Moreover, with a focus on specialized sectors, UniFirst manages garment programs tailored for high-precision environments such as cleanrooms and the nuclear industry.
Manufacturing and Distribution
UniFirst not only partners with various leading brands but also effectively engages in manufacturing its own range of workwear and protective clothing. With state-of-the-art ISO-9001-certified manufacturing facilities, the company ensures quality and efficiency in its production processes. The extensive network of over 270 service locations strengthens UniFirst’s ability to serve more than 300,000 customers.
Commitment to Employees and Clients
Employing over 16,000 dedicated Team Partners, UniFirst is committed to equipping over 2 million workers each day with high-quality uniforms and work apparel. For inquiries or more information, stakeholders can reach out to UniFirst directly via telephone.
Frequently Asked Questions
What is the dividend amount declared by UniFirst Corporation?
UniFirst has declared a dividend of $0.350 per share on its Common Stock and $0.280 per share on its Class B Common Stock.
When will the dividends be paid to shareholders?
The dividends are set to be paid on June 27, 2025, to shareholders who are recorded by June 6, 2025.
What is the total amount for the new share repurchase program?
The Board of Directors has authorized a total of $100 million for the new share repurchase program.
What factors will influence the share repurchase timing?
Share repurchase timing will depend on market conditions, stock price, and corporate liquidity, among other factors.
What services does UniFirst Corporation provide?
UniFirst provides uniforms, workwear programs, facility service products, and safety supplies to a diverse range of industries.
