UniFirst Corporation declared quarterly dividends of $0.350 per share and $0.280 per Class B share, payable March 28, 2025.
Quiver AI Summary
UniFirst Corporation's Board of Directors has announced regular quarterly cash dividends of $0.350 per share on Common Stock and $0.280 per share on Class B Common Stock, both payable on March 28, 2025, to shareholders recorded by March 7, 2025. Based in Wilmington, Massachusetts, UniFirst is a leading North American provider of uniform and workwear services, as well as facility service products and safety supplies. The company operates five ISO-9001-certified manufacturing facilities and has over 270 service locations, serving more than 300,000 customers and outfitting over 2 million workers daily. For further inquiries, interested parties can contact the company or visit its website.
Potential Positives
- Declaration of regular quarterly cash dividends demonstrates financial stability and commitment to returning value to shareholders.
- Dividends reported are a consistent and predictable source of income for investors, which can enhance investor confidence and attract new investment.
- The company’s strong market position as a leader in uniform and workwear programs indicates a robust and sustainable business model.
- UniFirst maintains a significant operational scale with over 270 service locations and 16,000-plus employees, showcasing its capacity to effectively serve a large customer base.
Potential Negatives
- Declaring divisors at a relatively low amount of $0.350 per share may signal limited financial growth or cash flow, potentially leading investors to perceive the company as lacking robustness in financial performance.
FAQ
What are the latest dividends declared by UniFirst Corporation?
UniFirst has declared cash dividends of $0.350 per share for Common Stock and $0.280 per share for Class B Common Stock.
When will UniFirst's dividends be paid?
The dividends are payable on March 28, 2025, to shareholders of record as of March 7, 2025.
Where is UniFirst Corporation headquartered?
UniFirst Corporation is headquartered in Wilmington, Massachusetts.
What services does UniFirst Corporation provide?
UniFirst supplies and services uniform programs, facility service products, first aid, and safety supplies, among others.
How many employees does UniFirst Corporation have?
UniFirst Corporation employs over 16,000 Team Partners across more than 270 service locations.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$UNF Insider Trading Activity
$UNF insiders have traded $UNF stock on the open market 24 times in the past 6 months. Of those trades, 0 have been purchases and 24 have been sales.
Here’s a breakdown of recent trading of $UNF stock by insiders over the last 6 months:
- RONALD D CROATTI TRUST - 1993 THE has traded it 13 times. They made 0 purchases and 13 sales, selling 31,860 shares.
- STEVEN S SINTROS (President and CEO) has traded it 3 times. They made 0 purchases and 3 sales, selling 3,207 shares.
- DAVID MARTIN KATZ (Executive VP, Sales/Marketing) sold 587 shares.
- SHANE O'CONNOR (Executive VP and CFO) sold 1,185 shares.
- MICHAEL IANDOLI has traded it 5 times. They made 0 purchases and 5 sales, selling 682 shares.
- WILLIAM MASTERS ROSS (Executive Vice President) sold 225 shares.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$UNF Hedge Fund Activity
We have seen 131 institutional investors add shares of $UNF stock to their portfolio, and 129 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- FULLER & THALER ASSET MANAGEMENT, INC. added 273,425 shares (+inf%) to their portfolio in Q3 2024
- CITADEL ADVISORS LLC removed 82,942 shares (-79.6%) from their portfolio in Q3 2024
- GOLDMAN SACHS GROUP INC removed 75,558 shares (-45.8%) from their portfolio in Q3 2024
- JPMORGAN CHASE & CO removed 64,759 shares (-15.0%) from their portfolio in Q3 2024
- T. ROWE PRICE INVESTMENT MANAGEMENT, INC. removed 58,533 shares (-100.0%) from their portfolio in Q3 2024
- MORGAN STANLEY added 55,469 shares (+18.9%) to their portfolio in Q3 2024
- CERITY PARTNERS LLC added 51,698 shares (+inf%) to their portfolio in Q3 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
WILMINGTON, Mass., Jan. 14, 2025 (GLOBE NEWSWIRE) -- The Board of Directors of UniFirst Corporation (NYSE:UNF) today declared regular quarterly cash dividends of $0.350 per share (35.0 cents) on the Company's Common Stock and $0.280 per share (28.0 cents) on the Company's Class B Common Stock. Both dividends are payable on March 28, 2025 to shareholders of record on March 7, 2025.
Headquartered in Wilmington, Mass., UniFirst Corporation (NYSE: UNF) is a North American leader in the supply and servicing of uniform and workwear programs, facility service products, as well as first aid and safety supplies and services. Together with its subsidiaries, the Company also manages specialized garment programs for the cleanroom and nuclear industries. In addition to partnering with leading brands, UniFirst manufactures its own branded workwear, protective clothing, and floorcare products at its five company-owned ISO-9001-certified manufacturing facilities. With more than 270 service locations, over 300,000 customer locations, and 16,000-plus employee Team Partners, the Company outfits more than 2 million workers every day. For more information, contact UniFirst at 888-296-2740 or visit UniFirst.com.
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UniFirst Corporation
978-658-8888 |
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| Contact: |
Shane O’Connor
EVP and Chief Financial Officer |
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