Item 5. Market for Registrant’s Common Equity
Item 5. Market for Registrant's Common Equity,
Related Stockholder Matters and Issuer Purchases of Equity Securities
Market and Shareholder Information
Cintas' common stock is traded on the NASDAQ Global Select Market under the symbol "CTAS." At May 31, 2026, there were approximately 1,100 shareholders of record of Cintas' common stock. Cintas believes that this represents approximately 1.0 million beneficial owners.
On May 2, 2024, the Company announced a four-for-one split of its common stock (the Stock Split), in the form of a stock dividend. Shareholders of record, as of September 4, 2024, received three additional common stock shares for each common stock share held, which were distributed after market close on September 11, 2024. The Company's common stock shares began trading on a post Stock Split basis after the market opening on September 12, 2024. All references made to common stock shares, equity awards, common stock per share amounts and treasury stock shares in the accompanying consolidated financial statements and applicable disclosures have been retroactively adjusted to reflect the effects of the Stock Split.
Dividends
Our Board declared the following dividends during the fiscal years ended May 31:
Declaration Date
(In millions except per share data)
Record
Date Payment
Date Dividend
Per Share Amount
2026
July 29, 2025 August 15, 2025 September 15, 2025 $ 0.45 $ 182.3
October 28, 2025 November 14, 2025 December 15, 2025 0.45 180.8
January 20, 2026 February 13, 2026 March 13, 2026 0.45 180.6
April 14, 2026 (1)
May 15, 2026 June 15, 2026 0.45 180.7
Total $ 1.80 $ 724.4
2025
July 23, 2024 August 15, 2024 September 3, 2024 $ 0.39 $ 158.0
October 29, 2024 November 15, 2024 December 13, 2024 0.39 158.1
January 14, 2025 February 14, 2025 March 14, 2025 0.39 157.9
April 8, 2025 (1)
May 15, 2025 June 13, 2025 0.39 157.8
Total $ 1.56 $ 631.8
(1) The dividends declared on April 14, 2026 and April 8, 2025, were included in current accrued liabilities on the consolidated balance sheets at May 31, 2026 and 2025, respectively.
Stock Performance Graph
The following graph summarizes the cumulative return on $100 invested in Cintas' common stock, the S&P 500 Stock Index and the common stocks of a selected peer group of companies. Because our products and services are diverse, Cintas does not believe that any single published industry index is appropriate for comparing shareholder return. Therefore, the peer group used in the performance graph combines publicly traded companies in the business services industry that have similar characteristics as Cintas for each fiscal year, such as route-based delivery of products and services. The companies included in the peer group are ABM Industries, Inc., Aramark, Rollins, Inc. and UniFirst Corporation.
Total shareholder return was based on the increase in the price of the common stock and assumed reinvestment of all dividends. Furthermore, total return was weighted according to market capitalization of each company. The companies in the peer group are not necessarily the same as those considered by the Compensation Committee of the Board.
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Total Shareholder Returns
Comparison of Five-Year Cumulative Total Return
Purchases of Equity Securities by the Issuer and Affiliated Purchases
Period
(In millions, except share and per share data)
Total number
of shares
purchased Average
price paid
per share Total number
of shares
purchased as part
of the publicly
announced
plan (1)
Maximum
approximate dollar
value of shares that
may yet be
purchased under
the plan (1)
March 1 - 31, 2026 (2)
42,253 $ 185.42 — $ 1,491.1
April 1 - 30, 2026 (3)
18,089 $ 175.34 — $ 1,491.1
May 1 - 31, 2026 (4)
15,153 $ 169.89 — $ 1,485.8
Total 75,495 $ 179.89 — $ 1,485.8
(1) On July 23, 2024, we announced that the Board authorized a $1.0 billion share buyback program which does not have an expiration date. From the inception of the July 23, 2024 share buyback program through May 31, 2026, Cintas purchased a total of 2.7 million shares of Cintas common stock at an average price of $191.29 per share for a total purchase price of $514.2 million. On October 28, 2025, Cintas announced that the Board authorized a new $1.0 billion share buyback program, which does not have an expiration date. There were no share buybacks under the October 28, 2025 share buyback program through May 31, 2026.
(2) During March 2026, Cintas acquired 42,253 shares of Cintas common stock in satisfaction of employee-partner payroll taxes due on options exercised and restricted stock awards that vested during the fiscal year. These shares were purchased at an average price of $185.42 per share for a total purchase price of $7.8 million.
(3) During April 2026, Cintas acquired 18,089 shares of Cintas common stock in satisfaction of employee-partner payroll taxes due on options exercised and restricted stock awards that vested during the fiscal year. These shares were purchased at an average price of $175.34 per share for a total purchase price of $3.2 million.
(4) During May 2026, Cintas acquired 15,153 shares of Cintas common stock in satisfaction of employee-partner payroll taxes due on options exercised and restricted stock awards that vested during the fiscal year. These shares were purchased at an average price of $169.89 per share for a total purchase price of $2.6 million.
Item 6. [Reserved]
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