UniFirst Corp (UNF) has declared a quarterly dividend of $0.36 per share, payable to shareholders of record. This marks a 4.3% increase from the previous dividend of $0.35 per share, reinforcing management's confidence in the company's financial health.
The ex-dividend date is set for December 4, 2025, meaning investors must own shares before this date to qualify for the dividend. Eligible shareholders will receive their payment on January 1, 2026. With a current dividend yield of 0.96%, the announcement highlights UniFirst's commitment to returning capital to its shareholders.
As a provider of workplace uniforms and protective workwear, UniFirst operates in the Commercial Services & Supplies industry. The company, headquartered in Wilmington, Massachusetts, employs approximately 16,000 full-time staff across its various segments, which include U.S. and Canadian Rental and Cleaning, Manufacturing, Specialty Garments, and First Aid.
The upcoming earnings report on June 29, 2026, is anticipated to show earnings per share of $2.35 on revenue of $637.0 million, further illustrating the company's operational performance. Such decisions reflect a strategic approach to capital allocation, appealing to income-focused investors while underscoring the importance of evaluating the company's overall financial health and dividend history.
Investors should consider the sustainability of dividend payments in light of UniFirst's payout ratio and cash flow generation capabilities.