Unifirst Corporation (NYSE:UNF) Announces $0.37 Quarterly Dividend

Unifirst Corporation (NYSE:UNF) announced a quarterly dividend on Tuesday, January 13th. Shareholders of record on Friday, March 6th will be given a dividend of 0.365 per share by the textile maker on Friday, March 27th. This represents a c) dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Friday, March 6th.

Unifirst has raised its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 7 consecutive years. Unifirst has a dividend payout ratio of 16.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Unifirst to earn $8.68 per share next year, which means the company should continue to be able to cover its $1.46 annual dividend with an expected future payout ratio of 16.8%.

Unifirst Stock Performance

Shares of NYSE:UNF traded down $0.51 on Wednesday, hitting $199.27. The stock had a trading volume of 4,314 shares, compared to its average volume of 184,031. The company has a market capitalization of $3.61 billion, a price-to-earnings ratio of 26.36 and a beta of 0.72. Unifirst has a twelve month low of $147.66 and a twelve month high of $232.14. The firm’s 50 day moving average price is $178.44 and its 200-day moving average price is $173.41.

Unifirst (NYSE:UNF) last posted its quarterly earnings data on Wednesday, January 7th. The textile maker reported $1.89 EPS for the quarter, missing analysts’ consensus estimates of $2.05 by ($0.16). The business had revenue of $621.32 million during the quarter, compared to analyst estimates of $615.23 million. Unifirst had a return on equity of 6.68% and a net margin of 5.70%.Unifirst’s revenue for the quarter was up 2.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.31 EPS. Unifirst has set its FY 2026 guidance at 6.580-6.980 EPS. As a group, sell-side analysts predict that Unifirst will post 7.71 EPS for the current year.

About Unifirst

UniFirst Corporation (NYSE: UNF) is a leading provider of customized uniform rental and facility service programs in North America and Europe. The company specializes in the rental, laundering and maintenance of workwear, corporate apparel and protective garments for a broad range of industries, including manufacturing, automotive, hospitality, healthcare and food processing. UniFirst also offers a suite of facility service products such as entrance mats, restroom supplies, wipers, mops and hygienic services designed to help customers maintain clean and safe environments.

In addition to its core uniform rental business, UniFirst has expanded its product portfolio to include safety and first-responder gear, flame-resistant clothing, high-visibility apparel and personal protective equipment (PPE).